As a result of discriminatory practices, predatory lending, and high foreclosure rates the Black community has found themselves without proper representation both in locally and on the national stage. To open larger and sustainable businesses the Black community will require both capital from private investors and support from local banks and other lending institutions.
In addition to the need to both foster healthier and transparent relationships with local financial institutions and systematically move money into Black owned financial institutions, BBI believes building a cooperative model is a powerful solution for the capital and resource disparities in our communities. This model includes education, mentorship, access to capital and an increase in patronage. BBI Professional is working to become an impactful funding source for our community, providing mutually beneficial opportunities for businesses to access capital and investors to earn a return.