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August 12, 2013

Organizational Update. Presentation to: Orange County BCC Presentation by : Inez Long BBIF President/CE O Tuesday, January 28, 2014. August 12, 2013. Why we are here:. 1. Provide an organizational impact update 2. Ask for continued grant support of our Micro program: $75,000.

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August 12, 2013

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  1. Organizational Update • Presentation to: Orange County BCC • Presentation by: Inez Long • BBIF President/CEO • Tuesday, January 28, 2014 • August 12, 2013

  2. Why we are here: • 1. Provide an organizational impact update • 2. Ask for continued grant support of our Micro program: $75,000

  3. About BBIF Florida • Created out of Florida Statue 288.7; part of the 1985 Florida Small and Minority Business Act • Organization is an Investment Corporation; Florida’s Premier Non-Traditional Lender - specializing in providing loans to minority & underserved small businesses • Certified as a Community Development Financial Institution (CDFI) and Community Development Enterprise (CDE)by the U.S. Department of the Treasury • Certified as a Black Business Investment Corporation (BBIC) by the State of Florida • Certified by the U.S. Small Business Administration as Florida’s only Community Advantage Lender • Investor Memberships are Regulatedby the Office of the Comptroller of the Currency and the Florida Auditor General

  4. BBIF Florida Historical Impact as of 9/30/13

  5. Core Services

  6. Our Updated Impact: Jan. 1 – Dec. 31, 2013 • Micro Loan Fund • Number of MLF Clients: 10 • Approved MLF Dollars: $330,000 • Other Loan Funds • Loan Clients: 36 • Approved Loan Dollars: $1.5MM+ • Financial Training Academy • Total Financial Technical Assistance and Outreach Impact: 133 events, 3,694 attendees

  7. Continued Need for Orange County Businesses… Study: The Economic Plight Confronting Orange County, Florida’s Black and Hispanic Neighborhoods Mark D. Soskin, Assoc. Prof. of Economics, College of Business, UCF July, 2013 • Several pervasive economic impediments for minority communities (defined by their census tracts) in the Orlando MSA. • Minorities’ choice of residence is severely limited by lower incomes and credit ratings which relegate far too many Blacks and Hispanics to a shrinking stock of aged, small, or dilapidated homes and rentals zoned for substandard schools in high-crime neighborhoods.

  8. Black (blue) and Hispanic (green) Census Tracts in Orange County

  9. Continued Need for Orange County Businesses… Source of Data: U.S. Census Bureau's March 2012 and 2013 Current Population Survey • Since 1991, the Kaiser Foundation has served as a trusted source of information for policymakers, leaders from business, academia and non-profit institutions. • State Health Facts: Poverty by Race/Ethnicity • 36% of Black Floridians live in poverty

  10. Our Recommended Solution: Dollars and Sense Financial Literacy Training • About the Program: • An expansion of our Micro Loan Program, this new educational tool (in partnership with the FDIC) will provide basic financial literacy concepts to Micro businesses and youth. • Micro Business Development • Outreach Events – aggressively reaching out to Micro businesses within underserved census tracts in Orange County. • In-House Training - half-day workshops for Micro firms that blend knowledge of best business practices. • B. Youth Development • Financial literacy and job training to high school students within underserved census tracts; working with minority business owners and partnering with entities that provide youth mentoring/internship opportunities.

  11. Dollars and Sense Financial Literacy Training • Community Kick-Off Event • When: Friday, February 21, 2014, 9:00 a.m. • Where: Orange County Barnett Park • About the Event: • Event will feature onsite tax preparations for businesses and consumers; free credit reports/reviews, financial literacy training workshops. • Program Partners:

  12. Thank you for your continued support! BBIF Florida 301 E Pine Street, Suite 175 Orlando, FL 32801 P: 407.649.4780 F: 407.649.8688 W: www.BBIFFlorida.com • August 12, 2013

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