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#WeAreBCL: Paul Randle. Paul, with his inherent business acumen, leadership proficiency, and knack for connecting with people, plays a pivotal role at BCL of Texas, connecting with small business owners and positively impacting the community through his dedication.
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Amidst the celebration of Hispanic Heritage Month, we sat down with our founder Rosa to share her perspective on being a Latina leader in the realms of economic development and finance. We discussed her challenges, her inspirations, and her unwavering commitment to empowering underserved communities.
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BCL of Texas’ Austin Community Land Trust (CLT) Accelerator program awarded with $2 million in grant funding to continue working to prevent the displacement of renters and homeowners in Austin.
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BCL is proud and grateful to have worked with the SBA to adapt to the new guidelines and rapidly accommodate the influx of PPP applicants. During the month of May, we dispersed our largest volume of small business loans ever in such a short period of time. In total, we loaned over $4.8 million to nearly 200 small businesses across the state during the second round of the Paycheck Protection Program.
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BCL of Texas is delighted to announce $5 million in new funding since the beginning of 2021. This funding is critical to our mission and allows us to work with families, individuals, and businesses across the state to Build Strong Communities and create opportunities for building wealth and financial stability.
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While entrepreneurship and small business ownership for minorities including African Americans has made some progress over the past 60 years, there is still much to be done. In his famed 1968 speech “I’ve Been to the Mountaintop,” to assert black independence, King called on followers to strengthen black institutions and businesses by moving their money away from the white run business and banking establishments and depositing their dollars into black owned institutions.
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While we celebrate the growth of small businesses ownership in the U.S, sadly the African American small business footprint has grown only to 14% of the 28 million small businesses in the nation. Most of this minority group is woefully underserved regarding growth capital and capacity building support.
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BCL spent a full and productive day with community leaders discussing the future of Austin’s economic development policy this month. We expect to have some great information for our clients coming soon. And BCL of Texas Director of Entrepreneurship Brian K. Marshall was honored to participate in these key stakeholder discussions!
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BCL of Texas stands in solidarity with our neighbors across Texas who have been affected by Hurricane Harvey. We stand ready to help, and to connect you to the resources you need to put your life and business back together.
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Formed during an economic recession by rural Texas volunteers, CEN-TEX Certified Development Corporation (which would later be called BCL of Texas) has been bold and deliberate in its mission to build strong communities. As one of the co-founders, I have seen the growth and transformation since day one.
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Suite 500 Austin, TX 78701 P: 512.912.9884 F: 346.301.5752 NMLS #1114924
Suite 1220 Dallas, TX 75208 P: 214.688.7456 F: 346.301.5752 NMLS #1114924
Suite 2 San Marcos, TX 78666 P: 512.383.0027 NMLS #1114924