Cincinnati.Com
NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help
Currently:
34°F
Cloudy
Weather | Traffic
The Enquirer
HOME
NEWS
ENTERTAINMENT
SPORTS
REDS
BENGALS
LOCAL GUIDE
MULTIMEDIA
ARCHIVES
SEARCH
 
 TODAY'S ENQUIRER 
 Front Page 
 Local News 
 Sports 
-- Business 
 Editorials 
 Tempo 
 Home Style 
 Travel 
 Health 
 Technology 
 Weather 
 Back Issues 
 Search 
 Subscribe 

 SPORTS 
 Bearcats 
 Bengals 
 High School 
 Reds 
 Xavier 

 VIEWPOINTS 
 Jim Borgman 
 Columnists 
 Readers' views 

 ENTERTAINMENT 
 Movies 
 Dining 
 Horoscopes 
 Lottery Results 
 Local Events 
 Video Games 

 CINCINNATI.COM 
 Giveaways 
 Maps/Directions 
 Send an E-Postcard 
 Coupons 
 Visitor's Guide 
 Web Directory 

 CLASSIFIEDS 
 Jobs 
 Cars 
 Homes 
 General 
 Place an ad 

 HELP 
 Feedback 
 Subscribe 
 Search 
 Newsroom Directory 



 
Friday, January 23, 2004

Minority-, women-owned businesses get a boost



By Ken Alltucker
The Cincinnati Enquirer

The upstart private development group 3CDC on Thursday announced a new committee designed to guarantee that small minority- and women-owned businesses get a fair shot at participating in downtown projects in coming years.

3CDC, formally known as the Cincinnati Center City Development Corp., approved a seven-member "economic inclusion committee" this month that is co-chaired by the Greater Cincinnati Northern Kentucky African American Chamber of Commerce president De Asa Brown and Calvin Buford, a lawyer with Dinsmore & Shohl.

A formal inclusion plan should be adopted in March, Brown said. A preliminary draft calls for "meaningful and substantial" participation levels for small and minority- and women-owned businesses on 3CDC-led projects.

Several recent local projects funded with government dollars have required that a minimum share of contracts be awarded to small businesses or firms owned by minorities or women.

Contractors surpassed Hamilton County's goal of hiring such firms for at least 15 percent of all construction work at Great American Ball Park. Cinergy Corp., which agreed to contribute $9 million for naming rights on the $160 million downtown convention center expansion, established an even loftier goal of 30 percent of all construction contracts awarded for the center.

Brown said her committee is "talking about percentages," but no minimums have been adopted.

"We will have some minimum goals in place," Brown said. "We're going to be able to do some real breakthrough things that other entities won't be able to do."

Other committee members: Darraugh Butler, president of D. Butler Management Consulting; Marty Dunn, partner of Baker & Hostetler LLP; Rick Hughes, manager of corporate purchases for Procter & Gamble; Janet Reid, partner of Global Lead Management Consulting; and Mario San Marco, president of Eagle Realty Group.

3CDC formed in July to spark development from the riverfront through Over-the-Rhine.

So far, the group has hired retail developer Williams Jackson Ewing to recharge Fountain Square's retail scene with new shops and restaurants. It also named Des Bracey as project manager for Over-the-Rhine. The private group's third area of focus is the planned Banks riverfront development between the new Bengals and Reds stadiums.

Another goal is to hire a full-time executive director by the end of January, a position filled in the interim by retired Procter & Gamble executive Tom Blinn.

The group's ambitious agenda is expected to be funded with up to $100 million from city of Cincinnati funds and $50 million from private and corporate sources.

In September, 3CDC submitted applications for$90 million in city projects to a federal government program that offers tax breaks to developers that invest in distressed communities. The government's New Markets Tax Credit initiative is a competitive program. Winning projects should be selected this spring.

E-mail kalltucker@enquirer.com



Mortgage rates are low, but likely to rise by July
Cable driving boom for Scripps
Kodak plans job cuts
Gain detergent an ethnic winner
Game distributor growing
Minority-, women-owned businesses get a boost
Lawyer: Ex-AK Steel exec 'stunned' by request to quit
Former Enron top accountant: 'Not guilty'
ID theft, Net fraud top gripes of buyers
Economic gauge hits record high
Stewart lawyer fears charges misconstrued
Business Digest
Business People
Tristate summary

 

Latest Headline News
Updated Every 30 Minutes
BUSINESS NEWS

U.S. Rises in Auto Reliability Ratings

Congolese Shun Own Currency for Dollars

Delta Air Lines Posts $52M Profit in 3Q

Prepared Holiday Meals Up in Popularity

Christmas Returns to Wal-Mart Marketing


Cincinnati.Com
Search our site by keyword:  
Search also: News | Jobs | Homes | Cars | Classifieds | Obits | Coupons | Events | Dining
Movies/DVDs | Video Games | Hotels | Golf | Visitor's Guide | Maps/Directions | Yellow Pages

  CINCINNATI.COM  |  NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help


Search | Questions/help | News tips | Letters to the editors | Subscribe
Newspaper advertising | Web advertising | Place a classified | Circulation

Copyright 1995-2007. The Cincinnati Enquirer, a Gannett Co. Inc. newspaper.
Use of this site signifies agreement to terms of service updated 12/19/2002.