The Osborn Business Association (OBA) was established in 2012, as envisioned by Quincy Jones, Executive Director of the Osborn Neighborhood Alliance (ONA). OBA is a vital group of diversified businesses in the Osborn Community whose purpose is to develop, build, improve facades, and promote the neighborhood in an effort to increase economic opportunities and the Quality of Life in Osborn.

 

The initial group that started OBA was Quincy Jones, Beatrice Akins (University of Michigan Graduate Intern), Derek Blackmon, Andrew & Karen Hardy, Harold Jackson, Belief Emedamerho, Carlo Bautista, Warren Morgan, Bishop Daryl Harris and Patricia Miller. Since the first meeting membership has increased and OBA has grown to become a Grantee of the New Economy Initiative (NEI).

 

OBA mission as a Partner/Ambassador of the NEI is to assist in the support and growth of OBA, be a point of entry to connect local entrepreneurs and small businesses to vital resources, services, Biz Grid and to serve as a Liaison for the entrepreneurs, small businesses, and members. OBA seeks to match entrepreneurs and small business owners to commercial space in Osborn and Capital funding.

 

As a primer established business association OBA has taken on the responsibility to assist and include bordering neighborhoods in Northeast Detroit to vital resources and open the doors of membership to these bordering neighborhoods.

Osborn Business Association/New Economy Initiative (OBA/NEI) - Impact Statement

Osborn Business Association/New Economy Initiative (OBA/NEI) – Impact Statement

 

OSBORNS BUSINESS MODEL FOR GRASS ROOT NEIGHBORHOOD REVITALIZATION THROUGH SMALL BUSINESS INITIATIVE FOR THE CITY OF DETROIT – A Proven Methodology

 

The purpose of this writing is to provide the requirements of the NEI Grant and the performance metrics reached in order to explain the impact that the program has had toward Neighborhood Revitalization. Also to verify that we have been the Beta Test for NEI Initiative in this core area.

 

1SY YEAR PERFORMANCE METRICS:

  1. 70 Businesses/Participants Graduated
  2. 47 Businesses Graduated and Assisted to Formalization
  3. 23 Businesses Graduated to Continued Development
  4. 5 workshops were conducted in 1st year
  • OBA/NEI Capital Readiness – 03/17/16
  • OBA/NEI Info Session – 04/21/16
  • NEIdeas Challenge Workshop – 05/14/16
  • OBA/Motor City Match Info Session – 06/13/16
  • OBA/Community Reinvestment Act/PNC Bank – 09/15/16

  5. OBA Membership Base – Increased from 2 paid members to 24 paid members

  6. 84 Referrals to Core Partners which consist of the following:

  • Miller Canfield Law Firm
  • Accounting Aid Society
  • Small Business Development Center (SBDC)
  • Foodlab Detroit
  • SCORE
  • Michigan Community Resources (MCR)

 

Year to Date Performance Metrics:

  1. 136 Businesses Graduated from Program
  2. 91  Businesses Assisted in Formalization
  3. 45  Businesses to Continued Development (CD)
  4. Workshops Conducted During 2nd Year of Grant:
  • OBA/NEI/SCORE – Marketing Workshop/Seminar – 10/18/16
  • OBA/NEI/SBDC – Business Plan Training Workshop – 11/08/16
  • OBA/NEI/MBCC/Chase Bank – Neighborhood Impact & Capital
  • Readiness Seminar/Workshop – 01/26/17
  • OBA/NEI – NEIdea’s Info Session for Grant Competition – 4/15/17
  • OBA/NEI – Cocolene Health & Skin Seminar – 5/03/17
  • OBA/NEI/Chase – Start – Up Week – Capital Readiness Seminar – 5/23/17
  • OBA/NEI – NEIdea’s Info Session – 5/24/17
  • OBA/DEGC – Market Retail Study – Neighborhood Workshop – 6/21/17
  • OBA/DEGC – Motor City Re-Store – Info Session Workshop – 6/29/17
  • OBA/NEI Challenge Finalist Workshop – Financials – 7/18/17

  5. OBA Membership from 45 Paid Members to 58 Paid Members

  6. 168  Referrals to Core Partners of NEI Initiative & External Community Partners / Capital Funding Partners –                       Collaboration Partnerships:

  • Miller Canfield Law Firm
  • Accounting Aid Society
  • Small Business Development Center
  • Foodlab Detroit
  • Michigan Community Resources
  • Detroit Economic Growth Corporation
  • Techtown Detroit
  • Lifeline Network
  • Wayne County Community Reinvestment Act Association
  • Michigan Women Foundation
  • PNC Bank
  • Fifth Third Bank
  • The Private Bank
  • SCORE
  • Build Institute

 

Capital Funding Winners

  1. 22  Motor City Match Winners (MCM)
  2. 3 NEIdea’s Challenge Winners - 2016
  3. 10 – 2017 NEI Challenge Finalists
  4. $205,000 in Capital Funding to Neighborhood Business Owners

 

2ND YEAR CORE GOALS AND STRATEGIES:

 

  1. Capital Ready & Capital Funding
  2. Business Plan Training & Development
  3. Legal Entity
  4. Commercial Placement & Locations for Businesses
  5. Accounting Structure for Businesses & Tax Return Status

 

10th  Business Cohort – August 22, 2017 – September 26, 2017

ABOUT US

 

MORE INFORMATION

 

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