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(as of Second Quarter 2004)
Since its
inception, JBRC has provided technical and financial assistance to over
6,000 new and
established businesses. During the same period, the following selective
results have been
achieved:
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JBRC
has assisted approximately 1,988 established businesses in creating or
retaining over 3,742 jobs by providing business research and planning;
profit and loss management; legal and accounting; marketing and
procurement; capital access; credit counseling; and other forms of
technical assistance.
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JBRC
has secured $61 million in financing for small businesses resulting in
2440 additional jobs being created or retained. This brings the total of
jobs created and/or retained to 6,560. Total economic impact of loans and
procurement is $161 million..
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JBRC has an
additional $18 million in financing requests currently in development.
Upon approval, this would represent a total of $79 million in financing
and over $111 million in contracts procured for small, minority and women
business clients. The economic impact of this $191 million would represent
7,680 jobs created and/or retained.
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JBRC has
provided high quality, in depth training to over 2,500 entrepreneurs in
the fundamentals of business management thus directly impacting new
business launches, strengthening and expanding new businesses, as well as
reducing the number of business failures
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JBRC
has provided training to two "One Stop Capital Shops" in Harlem and
Detroit and provided orientation to over 100 LDC's, CDC's, EDC's, Banks
and other public/private sector organizations throughout the tri state
area on our OSCS model resulting in the establishment of satellite
operations and mini BIC's and other Business Development Organizations. As
a result of this assistance, many new and established businesses have
benefited from JBRC's support including access to capital, as well
as positive economic benefits accruing to the surrounding
communities throughout the tri state area.
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jbrc@jbrc.org
