B OARD AND P ARTNERS P LANNING S ESSION August 12, 2013 Organizational Update Presentation to: Orange County BCC Presentation by: Inez Long BBIF President/CEO Tuesday, January 28, 2014 Tuesday, January 28, 2014

B OARD AND P ARTNERS P LANNING S ESSION Why we are here: 1. Provide an organizational impact update 2. Ask for continued grant support of our Micro program: $75,000

B OARD AND P ARTNERS P LANNING S ESSION 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 Regulated by the Office of the Comptroller of the Currency and the Florida Auditor General

B OARD AND P ARTNERS P LANNING S ESSION BBIF Florida Historical Impact as of 9/30/13

B OARD AND P ARTNERS P LANNING S ESSION Core Services

B OARD AND P ARTNERS P LANNING S ESSION 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

B OARD AND P ARTNERS P LANNING S ESSION Continued Need for Orange County Businesses… 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. 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

B OARD AND P ARTNERS P LANNING S ESSION Black (blue) and Hispanic (green) Census Tracts in Orange County

B OARD AND P ARTNERS P LANNING S ESSION Continued Need for Orange County Businesses… 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 Source of Data: U.S. Census Bureau's March 2012 and 2013 Current Population Survey

B OARD AND P ARTNERS P LANNING S ESSION 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. A.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.

B OARD AND P ARTNERS P LANNING S ESSION 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:

B OARD AND P ARTNERS P LANNING S ESSION August 12, 2013 Thank you for your continued support! BBIF Florida 301 E Pine Street, Suite 175 Orlando, FL P: F: W: