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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

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Presentation Transcript
slide2

What is the BBI:

  • BBI is a Targeted Business Development Initiative
  • Createdby the Federal and Provincial
  • Governments to address the unique needs
  • of the African Nova Scotians Business
  • Community.
slide3

Why BBI Was Created:

  • Lack of Business Skills
  • Weak Business Culture
  • Discriminatory Behavior
  • Few Black Role Models
  • Lack of Linkages to Broader Business Community
slide4
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
Types of Services Offered

Client Training

Business Development

Business Support

Counseling, Information

Networking

Financial Assistance

client training
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 training1

Offer 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
client training2
Client Training

Individualized Training

Single seat purchase

One on one counseling / consulting

Group Training

Organized and hosted by BBI

business support
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
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
Considered Loans:

Capital Equipment Acquisition

Working Capital

Short term receivable financing

loans not considered
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
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
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
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
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

contact information
Contact Information

Kerry 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