The purpose of the Tampa Bay Black Business Investment Corporation (TBBBIC) is the advancement of the economic well being of African-American-owned businesses in Hillsborough and Pinellas Counties. This has been accomplished through the creation of a capital fund invested by local financial institutions and contributions by others, to provide loans to viable African-American-owned businesses.

The BBIC will also help to better focus community resources on identification of appropriate business opportunities for African-American entrepreneurs. The BBIC provides a vehicle for new African-American-owned businesses to develop and mature in a realistic manner. Participation by financial institutions in loans to African-American businesses will be an on-going focus of the BBIC. The ultimate goal of the BBIC is the long-term growth and success of African-American-owned business enterprise.