INFORMATION SESSION

What is the BBI:• BBI is a Targeted Business Development Initiative

• Created by the Federal and Provincial Governments to address the unique needs of the African Nova Scotians Business Community.

Why BBI Was Created:• Lack of Business

Skills• Weak Business

Culture• Discriminatory

Behavior

• Few Black Role Models

• Lack of Linkages to Broader Business Community

BBI COMPOSITE GROUP OF COMPANIES

• Black Business Consulting (BBC) - including ADEPA

• Business is Jammin’ (BIJ)• Black Business Enterprise (BBE)• Black Business Community

Investment Fund (BBCIFL)

TYPES OF SERVICES OFFERED• Client Training• Business Development• Business Support

• Counseling, Information• Networking

• Financial Assistance

CLIENT TRAINING• Dedicated training department – Led by

Shakara Joseph, Director of Client Development & Youth Entrepreneurship and Mahogany O’Keiffe, Training Associate

• Offer a wide range of training opportunities related to business skills development such as:

• Writing For Business• Foundations For Success• Communication For Supervisor’s• Finance For Business

CLIENT TRAININGOffer customized training:

• “Constructing the Future” A Construction Training and Job Readiness Program for the Unemployed and Under employed• Blueprint Reading• Bidding and Tendering• Construction Estimating• Energy Audits

CLIENT TRAINING • Individualized Training• Single seat purchase• One on one counseling / consulting

• Group Training • Organized and hosted by BBI

BUSINESS SUPPORT

• RBDM (Regional Business Development Manager)• Counseling, Navigators to

information and Mentorship• Networking

• Build partnerships and linkages to Business Community

• Committees and tradeshows

FINANCIAL ASSISTANCE • Any new or existing Black N.S.

business. 33% Black Ownership• Proprietorship,Partnerships or

limited company• A viable business plan• An ability to repay loan• Suitable management strategy

CONSIDERED LOANS:• Capital Equipment Acquisition

• Working Capital

• Short term receivable financing

LOANS NOT CONSIDERED• Refinancing of existing loans or

obligations• Purchase of vehicles• Financial transactions between

related business or individuals• To finance a business similar to an

existing one owned by applicant or family

LOANS NOT CONSIDERED (CONT…)• Those who have defaulted

previous BBI Loans• Residential and rental

accommodations• Financial and insurance agencies• Real estate and land development• Taverns, beverage rooms and

lounges• Any business activity deemed not

to be in the best interest of the community or province

TERM LOAN

• 10% equity from client of total project cost

• One year interest free • Interest @ prime plus 1% • $25,000 maximum • Repayment terms vary • Requires board approval• $100 Administration Fee

MICRO LOAN• $5,000 or less • Same conditions apply as

regular loan program• Requires only approval of micro

loan committee made up of CEO and two board members

• $100 Administration Fee

FINANCING PARTNERS/OPTIONS• Community Business Development

Corp - C.B.D.C.• Business Development Bank - B.D.C.• Banks & Credit Unions• Centre for Entrepreneurship

Education and Development –CEED• Canadian Youth Business Foundation-

CYBF

ANY QUESTIONS….

Thank You!

CONTACT INFORMATIONKerry Johnston, Regional Business Development Manager 426-6692 johnston.kerry@bbi.ns.ca

Njabulo Nkala, Regional Business Development Manager 426-4281 nkala.njabulo@bbi.ns.ca

Rodger Smith, Regional Business Development Manager 426-7973 rodger.smith@bbi.ns.ca