BAC (originally known as the Business Assistance Center) extends commercial credit to Black owned businesses through revolving credit lines and joint venture agreements. Since its establishment in 1982 to encourage reinvestment in Miami's “Liberty City” neighborhood, BAC has disbursed nearly $50 million in loans or equity funds, making over 500 investments, of which 40 percent have been in Enterprise Zones. BAC has also helped build wealth in South Florida's Black community by developing and managing the $33.5 million MLK Transit Station Development Complex.
coordinates:
POINT (-80.242118 25.834212)