October 24, 2016
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Minority Coalition To Launch Florida Neighborhood Revitalization Loan Fund


FMCRC Partners With BAC Funding Corporation To Launch:

Florida Neighborhood Revitalization Loan Fund
-Creating Jobs Through Small Businesses-

The Foundation To Creation Of JOBS In Florida Minority/Under-served Communities :

Small Business Development
Community Economic Development
Workforce Development

Capitalism without Capital is just an ISM.  There is a great deal of ISM in Florida minority communities.


The lack of adequate capital in Florida minority communities has resulted in the following:

-Unemployment rates ranging from 15-60%

-Poverty rates double-triple the national average


Minorities in Florida account for over 42% of the state's population yet account for fewer than 5% of the state's GDP.  This hurts all ofFlorida economically when a major consumer sector is under producing in such critical terms.  The Florida Neighborhood Revitalization Loan Fund will utilize a market based approach to job creation by integrating the assets of inner cities with the local and regional economies.  Consumption and small businesses are key inner city assets that will provide both jobs and an increased tax base that will help build inner city infrastructures.


Small and medium size businesses in Florida minority and under-served communities are the foundation to job creation in these distressed communities.  Capital is the fuel for these businesses that will enable them to create jobs.  


BAC Funding Corporation (“BAC”) along with the Florida Minority Community

Reinvestment Coalition (“FMCRC”) intend to raise funds for a statewide $250,000,000 loan and investment fund to be known as the Florida Neighborhood Revitalization Loan Fund for the purpose of providing loans and investment capital to expand and develop businesses for minority group residents of Florida.


The Fund believes commitment to socially responsible investing is the core of the Fund's market differentiation and a key to the Fund's competitive advantage. The leadership of the Fund will integrate social concerns within minority communities into loan fund decision making, from job creation impact, to evaluating social benefits of prospective companies, type of industry to managing the overall impact of the Fund’s portfolio. The leadership will identify minority entrepreneurs committed to good sound corporate citizenship and community stewardship.


Socially responsible lending and investing acknowledges that minority businesses have

stakeholders other than shareholders and have goals that, in addition to meeting the need for adequate financial returns to meet payment of loan, help meet the needs for job creation, need of employees, vendors, customers and the community at large. For the Florida Neighborhood Revitalization Loan Fund, this means assessing each loan's contribution to the following goals:


1) Creation of jobs in low to moderate-income communities;

2) Providing low to moderate-income communities with access to capital;

3) Creating quality employment and wealth building opportunities;

4) Developing a trained and competitive workforce;

5) Supporting sustainable minority communities;

6) Enriching distressed and under-served minority communities.


Loan Fund Description and Underwriting Guidelines


The Fund will administer various lending pools designed to provide flexible yet prudent

financial services to uniquely respond to the financial needs of the Florida minority business community by facilitating cash flows of undercapitalized minority businesses:


·  Short-term financing to fuel business growth, i.e. receivables financing.

·  Collateral funding to support operating capacity.

·  Assisting in Cash Management/ Cash Budgeting.

·  Brokering the service required in the expansion of businesses.

·  Outreach to firms with the potential to expand operations and create

   new employment opportunities.


Target Market For Loans, Investments and Services:


Businesses making up Florida’s various growth sectors are the Fund’s target market:


-Construction Development


-Retail Trade

-Professional and Technical Services

-Finance & Insurance

-Tourism, Cultural Events

-Real Estate Professionals


-Health Care

-Not for Profit Organizations

The Florida Neighborhood Revitalization Loan Fund will target community banks, financial institutions, insurance companies, Wall Street investment firms, pension funds and foundation for investments into the Fund.  For Investment information, contact BAC Funding Corporation- Mr. Edwin Miller (305) 693-3550

FMCRC Assets & Hope:
Creation of new Community Economic Development Corporations in Florida:  Engines For Job Creation...details coming soon:


June 7-8 2010


Creating Bridges To Creating Jobs In Florida Minority Communities



Let’s Do Business Florida

June 7th 2010


Let’s Do Business California (www.ldbnow.com) comes to Florida.

Let’s Do Business Florida will provide 300 Florida and Southeast U.S. minority small businesses the opportunity to access contract opportunities with Tier 1 (Prime) suppliers in the financial, utility and automotive industries


  -2nd Annual Florida Legal Opportunity Forum

Providing contract opportunities in financial industry for Florida minority law firms



8th Annual FMCRC

Florida Minority Community Economic Development Summit

June 8th 2010



-Access To Capital Forum Bringing access to debt and equity investment funds for inner city minority businesses 


–Creating Community Economic Development Corporations

 New generation master community development mechanism for job creation 


-Market Based Community Economic Development

 Integrating inner city assets into Florida regional economies:  Create Jobs-Build Wealth
-Builder of Community and Country Awards Dinner  



FMCRC Mission Statement

Our goal is to empower low-income and minority communities by attracting investments for health, education, homeownership, employment, and minority entrepreneurship using a holistic advocacy approach.

The Coalition's (70+ minority organizations)  strategy entails six central programs and projects for Florida's minority communities, families and organizations:

  1. Access and opportunity for home and business ownership
  2. Community Reinvestment Policy
  3. Sustainable Communities 
  4. Capacity Building
  5. Consumer protection
  6. Community Economic Development


Join us today!





Please direct all questions, concerns, comments, and media inquiries to:
Email:    Porfiria Ramirez 

2302 W. St Louis Ave Tampa FL 33607 
(941) 284-0688

Civil Rights and legal issues or comments to:
Reginald J. Clyne
Clyne & Self, P.A./Civil Rights Attorney
Douglas Centre-Suite 1100
2600 Douglas Rd, Coral Gables Florida  33134




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