BLACK BUSINESS INVESTMENT FUND Presentation to the Orange County Board of Commissioners Tuesday, August 17, 2010.

BLACK BUSINESS INVESTMENT FUND

Presentation to the Orange County Board of Commissioners

Tuesday, August 17, 2010


Who We Are…

•Investment Corporation Central Florida’s Premier Non-Traditional Lender - specializing in providing loans to minority & small businesses

•Created out of Florida Statue 288.7 (1985 Florida Small and Minority Business Act)

•Regulated Office of Comptroller of Currency and the Auditor General

•Certified by:OTTED

Black Business Investment Corporation (BBIC)U.S. Department of Treasury

Community Development Financial Institution (CDFI) Community Development Enterprise (CDE)

BBIF is an Economic engine for

Orange County


Our Partners


What We Do…

Access to CapitalBlack Business Loan FundEconomic Gardening Loan Fund

Technical AssistanceOrientationOne on One Staff CounselingBusiness Owners Roundtable

NetworkingAnnual Business Networking Event

Business OpportunitiesBusiness Opportunity Functions (Quarterly)Special Community Meetings

Core Services


Our Approach...


BBIF increased its capital in 2009…

•Provides loans to qualified stage 2 businesses •Revenues of $1 million - $25 million •10 – 50 employees •Loan amounts are: $50,000 - $250,000

•BBIF’s services have expanded $8.5 million in additional loan capital


Access To Capital

Business Working Capital: Business lines of credit - Contract & A/R financing - Equipment financing

$4.5 million loan fund - established in 1988 provides loans to qualified stage 1 Black-owned businesses (established a minimum of 2 years). Loan amount are: $10,000 - $100,000.

$8.5 million loan fund - established in 2009, provides loans to qualified stage 2 businesses (established a minimum of 2 years, revenues of $1 million - $25 million and 10 – 50 employees.). This fund is race neural; it is available to any race business owner). Loan amounts are: $50,000 - $250,000.


Support of the BBIF provides a excellent return to Orange County…

•BBIF provides a 1000% return back to the county Impacts property taxes & sales taxes directly

•BBIF is an Economic engine for the County A direct result of client business revenues


BBIF’S TAX REVENUE IMPACT

Customer Jobs/Households 284

Customer Avg. Salaries $52,495

ORANGE COUNTYProperty Taxes = $1,192,800Sales Taxes = $969,058

$2,161,858BBIF’s returns the dollars to the

County

10x10x


We are requesting support…

Issue: Strong demand from the business community

Resolve: BBIF has raised additional capital $1 million in additional loan capital – 2010


Access To Capital

Business Working Capital: Business lines of credit - Contract & A/R financing - Equipment financing

$1.05 million loan fund To start October 2010 To provide loans to stage 0 & 1 businessesLoan amounts are: $5,000 - $35,000

NEW, starts October 1, 2010


BBIF’S ECONOMIC IMPACT Oct. 1, 2009 - June 2010

* U.S. DOC Regional Industrial Multiplier 1:1.6767 * MCP @ UCF 1/1.89

$74,093,925

Customer Revenues $29,537,474

Customer Jobs 284

Customer Loans $3,347,262

ORANGE COUNTY



BBIF’S TOTAL ECONOMIC IMPACT Oct. 1, 2009 - June 2010

* U.S. DOC Regional Industrial Multiplier 1:1.6767 * MCP @ UCF 1/1.89

$264,036,759

Customer Revenues$120,974,202

Customer Jobs 855

Customer Loans $7,650,316



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2010 BBIF Annual & Professional Networking Event

Held May 2010Over 400 attendees

Several Orange County Clients

either participated or in attendance

Networking & Opportunity


• Business Opportunity Luncheons• B.O.S.S. Events• SBDC Events• GOAA Events• FMSDC Events• UCF Events• OTTED Small Business Opportunity Forum• BBIC President Meetings• OCPS Events• DEC Events

Several BBIF hosted events held at the DEC training room facilities annually

Networking & Opportunity

The Renaissance at Carver Square A 293,706 Sq. Ft. 11-Story Mixed Use Development 320 Seat Multi-use Theatre 17 Residential Units Restaurants Retail Shops 60,000 Sq. Ft of Commercial/Office Spaces Small Business Institute 302 Space Parking Garage Located At The Corners of Parramore and Church


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Orange County Client RL Burns, Inc.

Business InfoCity: Orlando, FLCounty: OrangeDistrict: 6Years in business: 15+Number of employees: 8Service(s): BBLF; TA

Specializes in pre-construction design-build, new building construction, renovation, facilities maintenance, and post construction services for commercial and multi-family construction projects in the State of Florida

Client Spotlight

Bob BurnsPresident

RL Burns, Inc.


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Orange County Client P&G Mechanical, Inc.

Business InfoCity: Winter Garden, FLCounty: OrangeDistrict: 1Years in business: 13+Number of employees: 11Service(s): BBLF; TA

Air conditioning and plumbing All phases of the air conditioning and plumbing industry including the residential, multi-family, commercial and service markets. Services include: Hydronic piping systems installation, Sheet metal and fiberglass duct installation, Services and maintenance of HVAC systems, Plumbing installation, Installation of piping systems and ductwork, Design/build HVAC systems, Commercial and residential service.

Client Spotlight

Floyd PerkinsPresident

P&G Mechanical, Inc.


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Orange County Client Tecport Optics, Inc.

Business InfoCity: Orlando, FLCounty: OrangeDistrict: 4Years in business: 12+Number of employees: 12Service(s): EGLF; TA

Manufacturer of top quality thin film vacuum deposition systems. Sophisticated systems employ leading edge technology such as high density plasma, achieving coating characteristic that has never been seen before. Tecport serves high tech industries such as semiconductor, precision optics, alternative energy (solar cell), LED, flat panel display, imaging and telecommunication.

Client Spotlight

Joseph KimExecutive Vice President

Tecport Optics, Inc.


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Orange County Client GPC Maintenance Systems, Inc.

Business InfoCity: Orlando, FLCounty: OrangeDistrict: 3Years in business: 10+Number of employees: 8Service(s): BBLF; TA

Client Spotlight

Bert GeathersPresident

GPC Maintenance Systems, Inc. GPC provides pressure washing and industrial cleaning services to private and public entities. Clients include Walgreens, Florida Turnpike Enterprise and the Orlando Orange County Expressway Authority


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Orange County Clients District 3

Business InfoCity: Orlando, FLCounty: OrangeDistrict: 3Service(s): BBLF; TA

Client Spotlight

Robbi Stiell Owner

MXY, LLC

Sam ButlerPresidentUSE, Inc.

Michelle JohnsonPresident

Celeste MIchelle Jewels, LLC.

USE Inc. is a security service provider for airports nationally as well as staffing services. USE is an 8A Certified contractor. USE has been in business for over 16 years.

MYX LLC. is a new ‘green’ cafe concept specializing in unique beverages with an environmentally friendly focus.

Celeste Michelle Jewels LLC. is new fashion/costume jewelry designer and wholesaler. The company designs, produces and sells trend jewelry to better department and specialty stores across North America & Europe.


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Orange County Client Page One Consultants, Inc.


An engineering firm that provides Construction Engineering and Inspection Services (CEI), Consulting, Building Engineering Inspection, Construction Material Testing (CMT), Threshold and Welding Inspection Services, Building Inspection Services, Environmental Services, Geotechnical Services and Program/Construction Management.

Client Spotlight

Sheryl PagePresident

Page One Consultants, Inc.


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Orange County Client BFA Environmental, Inc.

Business InfoCity: Orlando, FLCounty: OrangeDistrict: 3Years in business: 16+Number of employees: 19Service(s): BBLF; EGLF; TA

An environmental engineering and hydrogeological consulting firm, established in 1994 to help meet the growing need for environmental consultants.

Client Spotlight

Patrick BarnesPresident

BFA Environmental, Inc.


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Orange County Client Progressive System Solutions, Inc.


A full service IT consulting firm dedicated to helping Central Florida business do better. PSS provides a full range of integrated solutions including accounting and finance, project accounting, manufacturing, networking, internet security, programming, application training and ongoing customer support. PSS can work in conjunction with existing IT staff or provide complete IT services, based on their client's requirements. Progressive System Solutions is a Microsoft Gold Certified Partner and ISV Solution Provider.

Client Spotlight

Carolyn JasiulewiczPresidentPSS, Inc.


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Orange County Client ACE Construction Management

Business InfoCity: Orlando, FLCounty: OrangeDistrict: 5Years in business: 10+Number of employees: 3Service(s): TA

ACE Construction Management is a local firm that specializes in project and other construction management services.

BBIF Technical Assistance client and ACE President JaJa Wade is the Chairman of the Orange County Pine Hills Redevelopment Task Force.

Client Spotlight

JaJa WadePresident

ACE Construction Management


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Orange County Client Protean Design Group, Inc.


A multi-disciplined civil engineering consulting firm founded on the principal that diversity, ingenuity and forward-thinking ideas will make a greater impact on business success. The way PDG thinks and approaches every project makes their organization stand apart from traditional engineering firms. PDG has brought together the finest minds in Civil Engineering, with expertise in Transportation, Site Development, Traffic and Lighting. PDG is not an ordinary engineering company, they are one of the most innovative design firms working to set the trends of the future.

Client Spotlight

Kimberly HorlanderPresident

Protean Design Group, Inc.


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Orange County Client BASE Consultants, P.A.


•Structural engineering and parking consulting firm •Specialize in services for architectural, transportation, environmental, recreational, municipal and educational facilities

Client Spotlight

Saila AlathPresident

Base Consultants, P.A.


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Orange County Client A.D.S Welding, P.A.

Business InfoCity: Orlando, FLCounty: OrangeDistrict: 6Years in business: 14+Number of employees: 8Service(s): BBLF

•A welding company •Specializes in SIP (stay in place metal) •Rebar bridge work

Client Spotlight

Anthony SylvesterPresident

A.D.S Welding, Inc.


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Orange County Client CELECTSYS, INC.

Business InfoCity: Orlando, FLCounty: OrangeDistrict: 3Years in business: 16+Number of employees: 10 Service(s): BBLF

•Electrical contracting•New construction – industrial & commercial buildings• Upgrading of existing electrical systems •Emergency power improvement•Lighting for sports fields •Underground utilities

Client Spotlight

Errol GreenidgePresident


We ask for your support of our funding request.

Thank You!

BBIF Central Florida315 E Robinson Street, Suite 660

Orlando, FL 32801P: 407.649.4780F: 407.648.8688

BLACK BUSINESS INVESTMENT FUND Presentation to the Orange County Board of Commissioners Tuesday, August 17, 2010.

Documents

business community resolve

business lines of credit

race business owner

additional loan capital

orange county slide

blackowned businesses

x slide

businesses loan amounts