Interoffice Memorandum
DATE: November 13, 2024
TO: Mayor Jerry L. Demings and County Commissioners
THROUGH: N/A
FROM: Dennis Holste, Economic Development Administrator
CONTACT: Jessica Kinkle, Administrative Assistant
PHONE: 407-836-7366
DIVISION: Office of Economic, Trade and Tourism Development
ACTION REQUESTED:
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Approval and execution of Orange County, Florida and Black Business Community Development Corporation, Inc. FY 2025 Grant Agreement and authorization to disburse $165,398 for the support of Black Business Community Development Corporation’s operations, which consist of highly skilled lending staff necessary for loan and credit analysis, loan preparation and documentation, monitoring and collection processes, and technical assistance. (Office of Economic, Trade and Tourism Development)
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PROJECT: Florida and Black Business Community Development Corporation, Inc. FY 2025 Grant Agreement
PURPOSE: The County has determined that there is a public interest for such activities/programs in order to promote black businesses in Central Florida through education, training, loans, investments and other activities conducive to Orange County’s economy.
BUDGET: $165,398