MWBE Business Growth Accelerator Program

MWBE Business Growth Accelerator Program

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Objective

Objective

The Division of Minority and Women’s Business Development has developed the Business Growth Accelerator (BGA) Program to focus on providing intensive technical assistance and business development training for NYS MWBEs to accelerate their business growth over a two-year period (18- month curriculum, two-year reporting) program cycle.

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Overview

Overview

Empire State Development's Division of Minority and Women’s Business Development (DMWBD) strives to promote equality of economic opportunities for Minority and Women-owned Businesses (MWBEs) and to eliminate barriers to their participation in state contracts. The Business Growth Accelerator is a cohort program providing actionable technical assistance and targeted business development training to NYS certified MWBE businesses that  are committed to participating over a two-year (18- month curriculum, two-year reporting) program cycle.

The Division has established three Regional Centers to develop the BGA Program.

BGA Program Structure

  • Each Regional Center has created an 18-month program with trainings and one-on-one curriculum for their program participants
  • Each program will select 15-20 businesses to participate throughout the program cycle
  • Training topics include but are not limited to: Technology, B2B/B2Agency marketing, Human Resources, Finance, and Access to Capital
  • Centers will also provide intensive one-on-one counseling and support to each participating MWBE to develop a customized strategy designed to strategically increase growth in the selected firms
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Eligibility

Eligibility

BGA eligibility criteria:

  • Be a currently certified NYS MBE, WBE or MWBE
  • Must be in business for at least two (2) years
  • Must have at least two employees
  • Demonstrate annual revenues between $100,000 and $5 million during the most recent year
  • Business located in the Incubator region
  • An application submitted to one of the BGA Regional Centers

How to Apply

To apply to participate in the BGA program a NYS BGA application must be submitted to ONLY ONE program location at one of the BGA Regional Centers listed below:

BGA Regional Centers

Regional Centers to be announced soon

Additional Resources

  1. MWBE Business Growth Accelerator 2.0 Program Fact Sheet

Contact Information
To apply or for additional information, please contact the MWBE Hotline: (212) 803-2414 or email [email protected].