Orlando’s Black Business Investment Fund Appoints Ray Gilley as New CEO to Support Minority Entrepreneurs

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.