COMMUNITY IMPACT

Over the past 30 years, The BBIC has provided business loans, bonding, equity capital, developing job opportunities and other services to businesses owned by black citizens.

Tangible Impact

31.8  M
TOTAL LOANS THROUGH 2018
3.4  K
TOTAL JOBS CREATED
70  K
AVERAGE LOAN AMOUNT 2018

LOANS MADE BY LOCATION

West Palm Beach

50%

South County

36%

Riviera Beach

13%

Lake Park

0.5%

Treasure Coast

0.5%

LOANS MADE BY INDUSTRY

Services

75%

Construction

14%

Medical

8%

Retail

2%

Food

1%

History & Overview

  • Average Loan Amount in 2018

    $70,000
  • Total jobs created or retained

    3263
  • Total Loan Guarantees through 2018

    $31,845,160
  • Total Loans in our first year (1988)

    $197,000
  • Received first Loan application

    January 1988
  • Office officials opened

    December 1987
  • Obtained $500,000 investment from FBBIB

    October 1987
  • Reached goal of $500,000 investment

    October 1987
  • Applied for FBBIB investment

    July 31, 1987
  • PBCBBIC Incorporated (501 C 4 Non-profit)

    July 31, 1987
  • PBCBBIC first meeting

    April 22, 1987

Operating Grant Contributor

Palm Beach County Board of County Commissioners

Copyright 2019 Palm Beach County Black Business Investment Corporation. All Rights Reserved.
2001 Broadway, Suite 210, Riviera Beach, Florida 33404
(561)-845-8055