Business Innovation Center
ECDI's Business Innovation Center (BIC) provides business training and technical assistance to help clients acquire the knowledge and tools they need to operate a successful enterprise.
ECDI's Buisness Innovation Center (BIC) provides general microenterprise development training courses during which entrepreneurs are given the tools needed to start and successfully manage a business. Our signature microenterprise training programs are designed to assist clients who wish to start or expand their business. In addition to general microenterprise development training, BIC offers MBE Capital for Construction programs, financial literacy and other generalized training geared towards specific industries such as food-based, retail, or home-based businesses.
ECDI's "Capital for Construction" program addressed the financing gaps in Central Ohio for minority-owned subcontractors. This course is a series of Lunch & Learns covering payroll with state and federally funded projects, accurately estimating job profits, contracts, the bidding process, and more.
The Small Enterprise Education Development Training Series is designed for entrepreneurs who are ready to enhance their business idea or expand their existing small enterprise into a viable and profitable business. Clients taking this course will focus on four critical developmental areas; business concept, organization, customer relations, and operations using the GrowthWheel® concept, an interactive tool that helps entrepreneurs develop their business through an action oriented process. Clients will also complete homework assignments that will assist them in developing a business plan and 30/60/90 day action plan.
*Each class will be three hours each. Classes can be taken sequentially or independently for $30.00. Potential lending clients may be required to take all four classes totaling $150.00.
Financial Literacy Training
Proficiency in the basic tenets of finance and budgeting as well as fundamentals of the U.S. banking system is highly advantageous for small business entrepreneurs desiring long-term success. In order to participate in the IDA and Microloan programs, ECDI requires the successful completion of our 6-hour Financial Literacy course. The course is designed to provide clients with a comprehensive view of personal savings, hands-on budgeting and expense tracking. One-on-one language support is also made available from one of our bilingual staff members. Successful completion of the class is contingent upon scoring 80% or higher on the post-test and the creation of a realistic budget.
ECDI offers monthly programming by professional trainers and experts in their respective areas to discuss industry-specific training including marketing, legal, accounting, financial management, healthcare, insurance, human resources, and product development.
The L.E.A.N. Fund is a new program to support female entrepreneurs looking to start or expand their businesses within the Cleveland community. The program will support the livelihood of women who are looking to create health-forward change, which we believe will strengthen our whole community. Because the more impact women have, the better the world becomes.