Community Affairs:
Article Archive > Florida

Tampa Bay Black Business Investment Corporation
The Tampa Bay Black Business Investment Corporation, Inc. (TBBBIC), a nonprofit community development financial institution, is a public-private partnership between local government and the corporate community. The TBBBIC provides technical assistance and financing for African-American owned start-ups and growing businesses in Hillsborough and Pinellas counties in Florida through the creation of a capital investment fund supported by local financial institutions. TBBBIC assists all small businesses in these counties by working through the Small Business Administration as well as other local programs.

The TBBBIC provides technical assistance to small businesses including advice on the business and marketing plan, preparation of loan packages, business and personal financial statement analysis and small business courses and seminars. TBBBIC offers direct loans for equipment, working capital, accounts receivable, contract financing, and loan guarantees up to the lesser of 50 percent of the loan or $75,000. Currently, TBBBIC has 18 contributing members. Since inception, the TBBBIC has made nearly $7 million in loans; which has produced 460 jobs.

For more information, contact Frances Wimberly at (813) 274-7925, or view the Web site at www.tampabaybbic.com.
[Published in News from the Districts, Community Developments Investments, Spring 2006]

Neighborhood Lending Partners of South Florida
A new lending consortium, Neighborhood Lending Partners of South Florida, Inc. (NLPSF), has been created to provide affordable housing in South Florida in affiliation with Neighborhood Lending Partners, Inc. (NLP), an established CDFI with a nine-year track record. Twenty-three area banks including the Federal Home Loan Bank of Atlanta have created a $20 million loan pool to finance the development and rehabilitation of multi-family affordable housing projects in low-income and minority communities in Miami-Dade County. NLPSF has funded approximately $110 million in loans, resulting in more than 5,000 affordable housing units.

For more information, contact Debra Reyes at (813) 879-4525, or Erbi Blanco-True at (305) 666-6153.
[Published in News from the Districts, Community Developments, Fall 2002]

return to top >