Black Business Community Development Corporation (BBCDC)

MISSION

As a Community Development Corporation, BBCDC works to create economic impact in underserved minority communities through investing in the development of affordable housing, Incubators, makerspaces, co-working spaces and other community facilities.

About BBCDC

BBCDC is the charitable affiliate of BBIF. Established in 1993, the previous name of BBCDC was Black Business Capital Financing Corporation (BBCFC). In early 2020 the BBCFC board felt it was necessary to transition to a CDC, hence changing the name to BBCDC. The new name (BBCDC) became effective 3/16/2020.

History of BBCDC

Created in 1993, BBCDC partners with local and state business development organizations, chambers, banks, governmental agencies, educational institutions, and other groups to provide information and resources to our target market clients. BBCDC is a 501c3 entity that provides fundraising, education, and networking opportunities to develop and support the growth of minority businesses and underserved communities. Additionally, BBCDC has the vision to develop sustainable communities by providing low to moderate and affordable housing.

BBCDC vs. BBIF

How BBCDC & BBIF work together to help close the wealth gap

BBCDC: Charitable Affiliate Fundraising Entity 501(c)(3)

The Black Business Community Development Corporation (BBCDC) was created in 1993. It is a 501c3 entity that provides fundraising, education, and networking opportunities to develop and support the growth of minority businesses and underserved communities. Additionally, BBCDC has the vision to develop sustainable communities by providing low to moderate and affordable housing. The previous name of BBCDC was Black Business Capital Financing Corporation (BBCFC). In early 2020 the BBCFC board felt it was necessary to transition to a CDC, hence changing the name to BBCDC. The new name, BBCDC, became effective March 1, 2020.

BBIF: CDFI Financial Institution; Direct Lender CDFI 501(c)(4)

Black Business Investment Fund, Inc. (BBIF) was established in 1987. The organization was created through the Florida Small Minority Business Act and later through Florida statute. BBIF Florida is certified by the U.S. Department of the Treasury’s CDFI Fund as a Community Development Financial Institution (CDFI) and Community Development Enterprise (CDE). The organization has received $93.49 million in New Market Tax Credit allocations since 2014.

A statewide entity, BBIF’s headquarters is in Orlando with regional offices in South Florida (Miami Gardens) and North Florida (Jacksonville). It is our overarching goal to help minority and underserved businesses by providing loan capital alongside specialized financial business development training. We also work to stabilize low-income, distressed neighborhoods by investing in economic development projects that create jobs.

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Our Board

Susan Brosch, Board Chair

Susan Brosch has over 30 years of experience providing business development services to small, minority and disadvantaged businesses. She was the Minority Business Enterprise (MBE) Coordinator for the Florida Department of Management Services, Division of Building Construction from 1990 to 1992. Thereafter, she moved to the State’s Minority Business Advocacy and Assistance Office and performed as the MBE Contract Compliance Officer, Certification Officer and Office Automation Specialist.

There she conducted site visits, provided technical assistance, processed MBE certification applications, participated in administrative law hearings; assisted in coordinating and attending Matchmaker events, prepared and analyzed MBE expenditure, set goals for MBE participation for state agencies, monitored compliance reports, monitored prime and subcontractor payments, and assisted state agency purchasing representatives identify and utilize MBEs for state contracts. She is also proficient in databases, preparing statistical reports, reconciling contracts and expenditure data and working with multiple projects. Ms. Brosch joined Anderson and Associates, P.A.(A&A) in 2001. A&A specializes in business law, estate planning, real estate law and consulting services in the realm of community outreach, M/WBE programs and public policies. Ms. Brosch assists with all facets of the business to include assisting with client intake/communications, handling legal filings with the courts and supervising staff. In addition, she has performed as Project Manager and Senior Coordinator on disparity studies, data collection, certification and construction management projects. She has personally conducted Minority/Women Business Enterprise (M/WBE) field compliance, contract compliance, attends Owners Architects Contractors meetings and provides input on M/WBE subcontractors; prepares statistical reports and presentation materials; processes M/WBE certification applications and made recommendations for certification or denial. She has assisted in the coordination of community outreach projects/events. She
is adept at communication with the principal-in-charge and between numerous sub-consultants, M/W/DBEs, etc.

Additional Experience:
Along the journey of assisting small and minority businesses, Ms. Brosch has assisted in starting, (from the ground up and worked in), two full service title companies, a transportation company specializing in medical transports, a dance studio offering numerous classes for children and adults, real estate brokerage and a personal fitness studio, to name a few. As well, Ms. Brosch is a Realtor that works on complex residential properties in assisting the buyer, seller or investor. She has extensive experience in researching properties, reviewing chains of title, and preparing deeds.

Hobbies:
Ms. Brosch enjoys spending time with her family, traveling, exploring music genres and learning about other cultures.

Kimberly Robinson, Board Vice Chair

Kimberly Robinson brings over 20 years of experience in entrepreneurship and real estate investing and hold a Broker Associate position with Dover International Company, Inc. She has been licensed in real estate since 2005 and focuses on sales and leasing of commercial, residential, and investment real estate. Ms. Robinson attained the Certified Commercial Investment Member (CCIM) real estate designation in 2010.

This designation is achieved by fewer than 6% of real estate professionals and requires multi-million dollars sales, completion of intensive real estate courses, and successfully passing a comprehensive eight hour exam. With this additional depth of knowledge, Kimberly is equipped to help

Sellers and Landlords analyze their properties and market conditions to develop strategic marketing plans that get their property sold or leased. When working with Buyers and Tenants, she scours the market to find the best opportunities for them, negotiates ideal contract terms and guides them through the inspections and loan approval processes. Her detailed financial analysis of investment properties ensures investors have clear plans to reach their desired rates of return.

Ms. Robinson holds a Bachelor of Science Degree in Biology (BS) from Southern University, Baton Rouge, Louisiana and a Doctor of Dental Medicine (DMD) degree from University of Florida, Gainesville, Florida.

Fozia Andarge, Treasurer/ Secretary

Fozia is the founder of FM Financial Services, Inc. She began her career as a stockbroker and Registered Representative. In 1992, she decided to start her own company and began offering full-service consulting business, providing accounting, financial planning and business development services.

As a dedicated and detail-oriented accounting and financial advising professional, Fozia has been meeting the accounting and financial needs of individuals and corporations in Central Florida area for the past twenty seven years. .

Professionally, she enjoys the challenge of identifying, listening and solving the needs of her clients, all while managing her firm. Her passion is to promote, encourage, and develop accounting and communication skills of small business owners. She is a member of Financial Services Institute (FSI), National Association for Women and Council of Financial Educators COFE.

Personally, she is committed to her family, her church, and building relationships with friends.

Lawrence Chukwu, Board Member

Mr. Chukwu has over 25 years of diversified experience in environmental site assessments, environmental engineering (conceptual/engineering remedial designs and implementation) of soil and groundwater remediation technologies, geotechnical investigations, construction engineering inspections and management for transportation, Emergency Response for disaster relief for public assistance emergency response/recovery program delivery management (PDMG), provided Federal Grants for debris removal, emergency protective measures, roads/bridges repairs and replacement, schools, hospitals, airports, city seawall, embarkments, public buildings, pump stations & water treatment facilities, support services during Hurricanes Charley, Frances and Jeanne, Irma, Floods/Snow Storms in Indiana and Nebraska for the Federal Emergency Management Agency (FEMA).

Support Services to the US-DoD in Afghanistan, commercial, public works projects in several states, private companies and international clients.

CONTACT US

Phone: 407.232.6840
Email: [email protected]