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Committee presses MCEDC for clearer outreach to minority- and women-owned small businesses
Summary
Committee members asked MCEDC for more detail on targeted engagement with minority- and women-owned businesses; MCEDC said it engaged 314 unique businesses in the quarter and manages loan programs for small minority- and women-owned firms.
Council members asked MCEDC to spell out how it engages small, minority- and women-owned businesses and how the organization evaluates their needs. MCEDC said it partners with the Montgomery County Business Center and local chambers, manages the ACE Loan Fund program and reported engaging 314 unique businesses in the first quarter, of which 133 were minority-, veteran-, disability- or woman-owned.
"We do actively engage with them," Laurie Babb said, adding that some responsibilities for small business outreach fall to the county's business center while MCEDC focuses on target industry sectors. Committee members asked for clearer, targeted programs and two-way conversations so small businesses can communicate what they need to locate or expand in the county.
