Posts tagged joint venture
Modular Assembly Innovations
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Modular Assembly Innovations (MAI)  is based out of Dublin, OH and is owned by Billy Vickers. Vickers is an honoree of Ebony magazine's Power 100. He started the business in 2005 as a joint venture with a Honda-owned company. Since then, MAI has formed joint ventures with other companies and currently owns a 51% stake in them.

MAI procures parts for customers across the globe, including 9 Honda manufacturers in North America. They have generated over $1B of revenue and employs nearly 300 people.

I Am Black Business
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I Am Black Business (IABB) is based out of Atlanta, GA and was founded by three Brothers, including Vice-President & COO Lee Lewis (pictured). Lee and I immediately hit it off from our very first conversation. Our mutual desire to expose our community to Black-owned business was the binding factor. Lee and I have since had several conversations including creating some joint ventures in order to further advance disseminating the information out to our people. It is important that we begin to align ourselves with people who are willing to join forces on a mutually beneficial level.

I Am Black Business is an online directory of Black-owned businesses. What makes IABB different - and subsequently is the foundation of our joint venture - is the focus on assuring that the businesses listed on the platform are vetted as at least 51% Black-owned. IABB also has a mobile app to make it easier for you to find a business in your area!