Minority Business Assistance in Orlando
Starting your own business can be tough for anybody, but particularly difficult for groups in our society who have faced a historical disadvantage as a result of discrimination and inequality. Thankfully, Orlando is home to a selection of organizations willing to help aspiring minority entrepreneurs achieve their goals and open the doors to a successful new business in the area. The Orlando community is home to a diverse group of residents, so it should only be natural that the city houses a contingency of business owners representative of the greater population. Here is a look at some of the local minority business aiding groups and brief description of the small business services they provide.
Black Business Investment Fund – The BBIF is a nonprofit lending institution that helps African American business owners gain the necessary capital to fund their small business enterprise through the provision of direct loans and loan guarantees. The organization also helps small business owners by working to develop education, training, investment and networking programs. The BBIF has provided over $25 million in minority business loans and created over 3100 sustained jobs for the Central Florida community.
Hispanic Business Initiative Fund of Florida– The HBIF is a nonprofit economic development organization that emphasizes the development of bilingual businesses by Hispanic entrepreneurs. The goal of the group is to use the power of economic development as a catalyst for positive community change through the promotion of Hispanic-owned businesses. Free seminars, technical assistance, and business financial aid are all available to Hispanic entrepreneurs across the state as part of the HBIF’s services.
Minority/Women Business Enterprise Alliance – Among its many services, this nonprofit business resource center provides seminars and workshops, contract matchmaking, community advocacy and partnership opportunities with other technical assistance providers across local state and federal levels. The Alliance can provide entrepreneurial assistance of almost any kind to both women and minority business owners, also including access to start-up capital and individual, case-by-case consulting.