Pompano Beach CRA Business Resource Center Grand Opening

Posted on 26 May 2011 by LeslieM

The Pompano Beach Community Redevelopment Agency (CRA) is pleased to announce the Grand Opening celebration of the Pompano Beach CRA Business Resource Center located at 50 NE 1st Street, on Tuesday, May 31st from 5:30 p.m. until 7:30 p.m.

In 2010, through the dynamic economic development vision of the Pompano Beach CRA, the Pompano Beach CRA Business Resource Center was born. This 2,234 square foot facility located in Old Pompano has been newly renovated to house the Microenterprise Business Loan Fund Program, along with the Business Incubator and the Job Placement Center, the latest programs supported by the CRA. International Enterprise Development, Inc. (IED) has been contracted to create, develop, administer and operate these additional programs as well.

The Microenterprise Business Loan Fund Program offers training workshops, one-to-one technical assistance, business support, loan application, loan approval process, loan disbursements and collections and on-going business monitoring. This program has been successfully operating since 2006 and over $500,000 in micro loans have been approved and disbursed in the community. The Business Incubator
provides an opportunity for the next step of growth for micro and small businesses, offering seven private offices with business services, such as marketing, bookkeeping, business coaching and office space for client meetings as well as use of office equipment at a very reasonable rate.

Micro/small businesses can also have the opportunity to take advantage of this new facility, in a virtual way. Training will be offered to incubator businesses and on-site staff will be there to assist. The Job Placement Center will focus on providing links to the people of Pompano Beach to job opportunities through the creation of partnerships, training, education and individual support.

The Grand Opening event will include a ribbon cutting ceremony, hors d’oeuvres and refreshments. Plaques will be given to Florida Shores Bank for its generous support of the Center and to Mr. Stephen Cohen of Regent Bank in appreciation for his years of leadership as the Chairman of the NW Pompano Beach CRA Microenterprise Business Loan Fund Loan Committee. A plaque will also be hung in the center to recognize the Pompano Beach CRA Board, the NW Advisory Committee, Florida Shores Bank, Regent Bank, Comerica Bank, SunTrust Bank, Bank Atlantic, PNC Bank and Metro Broward Economic Development Corp. for all of their dedication and support to economic development in Pompano Beach.

For more information, call 954-786-7867.

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