Orlando Welcomes New Leadership at Black Business Investment Fund
Orlando, Fla. — The Black Business Investment Fund has announced the appointment of a new Chief Executive Officer, Ray Gilley, following the passing of the organization’s long-time leader, Inez Long, in June. This change comes as part of a strategic move to continue supporting minority business owners in the region.
Who Is Ray Gilley?
Ray Gilley, previously the CEO of Orlando-based Solodev, brings a wealth of experience and knowledge to this vital role. His leadership experience in the tech sector will aid in modernizing the services offered by the Fund and expanding its reach within the minority business community.
The Transition Process
During the interim phase following Long’s death, Oraine Reid and Duane Lewis served as co-CEOs. Their joint management helped to maintain stability and continuity for the organization during a challenging time. Gilley’s appointment officially concludes this transitional period and signals a new direction for the Fund.
Why This Matters
The Black Business Investment Fund plays a crucial role in providing loans and resources specifically designed for minority entrepreneurs. Its mission focuses on fostering economic development and empowerment among underrepresented business owners in Orlando and beyond. The need for such targeted support is particularly pressing given the unique challenges faced by minority businesses.
Future Goals and Initiatives
As Gilley steps into his new role, he hopes to enhance the organization’s outreach efforts and refine its loan programs. The aim is to better serve the growing number of minority entrepreneurs who are looking for financial support and resources to launch and expand their businesses. Community engagement and collaboration with other local support organizations will also be a priority.
Community Reaction
The announcement of Gilley’s appointment has been met with optimism among local business owners and community leaders. Many see his experience and vision as a promising complement to the Fund’s deep-rooted commitment to minority business development. The business community is keenly interested in how Gilley’s leadership will shape future programs and resources available to them.
Moving Forward
The Black Business Investment Fund plans to host a series of events to introduce Gilley to the community and outline the vision for the organization moving forward. These initiatives aim to foster dialogue and partnership among local business owners, potential investors, and advocacy groups.
In closing, Ray Gilley’s leadership marks a new chapter for the Black Business Investment Fund. His focus on serving the needs of minority business owners is expected to strengthen the foundation laid by his predecessor and expand opportunities within the community.
Author: STAFF HERE ORLANDO WRITER
ORLANDO STAFF WRITER The ORLANDO STAFF WRITER represents the experienced team at HEREOrlando.com, your go-to source for actionable local news and information in Orlando, Orange County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Orlando International Fringe Theatre Festival, Megacon Orlando, and Central Florida Fair. Our coverage extends to key organizations like the Orlando Economic Partnership and Hispanic Chamber of Commerce Metro Orlando, plus leading businesses in leisure and hospitality that power the local economy such as Walt Disney World Resort, AdventHealth, and Universal Orlando. As part of the broader HERE network, including HEREJacksonville.com, HEREPetersburg.com, HERETallahassee.com, and HERETampa.com, we provide comprehensive, credible insights into Florida's dynamic landscape.
