Office of Economic, Trade and Tourism Development Black Business Investment Fund of Central Florida, Inc. (BBIF) Board of County Commissioners September 9, 2014

BBIF Proposed FY Funding Annual Funding - $138,438 Annual Funding - $138,438 Reflects 2% Increase Reflects 2% Increase Microloan Funding - $0 Microloan Funding - $0 Not Currently in Budget Not Currently in Budget BBIF Requested to Present to BCC in January on Microloan Program BBIF Requested to Present to BCC in January on Microloan Program Requesting Match of FY 13 – 14 ($75,000) Requesting Match of FY 13 – 14 ($75,000)

BBIF Funding History YearAnnual FundingMicroloan Funding FY $165,000NA FY $169,829NA FY $174,924NA FY $180,172NA FY $162,155NA FY $162,155NA FY $145,940NA FY $135,724$67,461 FY $135,724$50,000 FY $135,724$75,000 FY 13 – 14 (Current)$135,724$75,000 Total$1,703,071$267,461

Summary Judgment Circuit Court of the Second Judicial Circuit in and for Leon County, FL Circuit Court of the Second Judicial Circuit in and for Leon County, FL 8/7/14: Order Granting Plaintiff’s Motion for Summary Judgment 8/7/14: Order Granting Plaintiff’s Motion for Summary Judgment Count I Award of $492, in Damages Plus Interest Count I Award of $492, in Damages Plus Interest Count IV Award of $575, in Damages Plus Interest Count IV Award of $575, in Damages Plus Interest Total Award - $1,067, Total Award - $1,067, BBIF is Appealing the decision BBIF is Appealing the decision

Office of Economic, Trade and Tourism Development Black Business Investment Fund of Central Florida, Inc. (BBIF) Board of County Commissioners September 9, 2014