On Friday, May 13, Borough President Ruben Diaz Jr. and the Business Initiative Corporation of New York (BIC) hosted the 13th Annual Bronx Bankers Breakfast. This year’s theme, “Financing Our Future” responded directly to the credit environment faced by many entrepreneurs trying to obtain capital to expand or start their own businesses. As a result of new legislation passed by Congress, BIC is now able to lend more and for the first time refinance debt.
“Our businesses are recovering in day to day operations, but are not yet growing and expanding and that is the challenge we all face in this economy. Through BIC and BOEDC my office is trying to help in this process and until the end of April, overall SBA lending in The Bronx increased by 80% to $37.8 million over last year’s $21 million,” said Bronx Borough President Ruben Diaz Jr.
The Annual Bronx Bankers Breakfast is the largest networking event of its kind in The Bronx, where 400 bankers, entrepreneurs, and elected officials get together to talk about the business future of the borough.
From left, Madeline Marquez, BIC Director; Carlina Ferrer, Capital One Bank; Jeffrey Dygert, TD Bank; Ed Odom and Raul Hiraldo, Citibank; and Bronx Borough President Ruben Diaz Jr.