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Black Business Investment Fund of Central Florida

DEO loan program case heads back to court

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A fight over a legislatively created loan program to help companies rebound from the recession will be back in court next month. On July 6, Circuit Judge Terry Lewis is set to hear a request from the Department of Economic Opportunity (DEO) to award it more money in a case over the program. Lewis sits in Tallahassee. The department wants its final judgment against the Black Business Investment Fund of Central Florida (BBIF) changed to add prejudgment interest of almost $202,000 and boost the total monetary award to $1.26 million. The request…

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DEO wants more money in business-loans case

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The Department of Economic Opportunity (DEO) is asking a court to award it more money in a case stemming from a Legislature-created loan program to help companies rebound from the recession. The department asked Circuit Judge Kevin Carroll of Tallahassee to amend his final judgment against the Black Business Investment Fund of Central Florida (BBIF) to add prejudgment interest of $201,792 and boost the total monetary award to nearly $1.3 million. The Department filed its motion Thursday. Its request followed an appellate decision that added prejudgment interest, money that accrues on…

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