Florida First Capital Finance Corporation and FloridaMakes Partner to Increase Small Manufacturer Growth
Tallahassee, FL – Florida First Capital Finance Corporation (FFC) and FloridaMakes have partnered to help Florida’s small manufacturers grow their businesses and create additional jobs.
The partnership will increase awareness of capital access options and assist small manufacturers in securing the financial and technical resources to achieve their business growth goals
FFC is a nonprofit certified development company, created by the State of Florida to promote economic development and job creation by small businesses. FFC provides SBA 504 financing and other state and federal loan programs to eligible small businesses for the purchase of owner-occupied commercial property, heavy machinery/equipment, and more.
“The strongest financial tool a small manufacturer can have is the power to own their facility,” said President and CEO of FFC, Todd Kocourek. “FFC shares FloridaMakes’ commitment to creating opportunities for manufacturers to grow, advance, and create high-wage jobs to build our communities and strengthen Florida’s economy.”
FloridaMakes is a statewide, industry-led, public-private partnership operated by an alliance of Florida's regional manufacturers associations with the sole mission of strengthening and advancing Florida’s economy by improving the competitiveness, productivity, and technological performance of its manufacturing sector, with an emphasis on small- and medium-sized firms.
” Sometimes the only thing that stands between a manufacturer and a new opportunity is ready access to low-cost capital”, says Kevin Carr, FloridaMakes CEO. “There’s nothing more frustrating than to have that new opportunity within your grasp but for the capacity – inventory, capital equipment, and talent – to capture it.”
Florida’s manufacturing industry is essential to a diverse economy. Through this agreement, FloridaMakes and FFC will work collaboratively to identify the growth needs of small manufacturers to increase their productivity, cultivate talent, and support their overall success.
Florida First Capital is Florida's original statewide certified development company promoting economic development and job creation. Under the SBA 504 Loan Program, Florida First Capital works with private-sector lenders to provide eligible small business owners in Florida, Alabama and Georgia (dba First Capital Finance) with below-market, fixed interest rate long-term financing for the purchase of capital assets, such as owner-occupied commercial real estate and/or fixed heavy duty machinery and equipment. Florida First Capital also provides financing through the Rebuild Florida Business Loan Fund, the Florida Recycling Loan Program and other small business assistance programs.
FloridaMakes is a statewide, industry-led, public-private partnership operated by an alliance of Florida's regional manufacturer associations and organizations that serve manufacturers. FloridaMakes’ sole mission is strengthening and advancing Florida’s economy by improving the competitiveness, productivity and technological performance of its manufacturing sector, with an emphasis on small- and medium-sized firms. It accomplishes this by providing services focused on three principal value streams: technology adoption, talent development, and business growth. FloridaMakes is the representative of the Manufacturing Extension Partnership (MEP) National Network in the state of Florida, a program of the National Institute of Standards and Technology, an agency of the U.S. Department of Commerce. For more information, visit www.FloridaMakes.com.
Florida First Capital Finance Corporation
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