Houston Business Development, Inc. (HBDi) is a non-profit 501(c)(3) corporation established in 1986 by the City of Houston. The corporation’s mission is to stimulate economic growth, support the expansion of small businesses, combat community deterioration and foster employment opportunities for low-moderate income citizens in the Houston metropolitan area and surrounding counties.
Governed by a 13-member board of directors comprised of business, financial, and community leaders, HBDi has been involved in nurturing the development and growth of small businesses for more than 24 years.
Headquartered in Houston’s southeast quadrant, in the Palm Center – Business Technology Center, a 160,000 square-feet mixed-use business complex, HBDi accomplishes its mission through providing affordable, flexible small business loans and an array of business support services designed to enhance the growth of small businesses.
As a non-bank, community lending organization, HBDi has served as a catalyst in providing aspiring entrepreneurs and small business owners with debt capital and access to an array of resources to start and/or expand their businesses. Since inception, the corporation has participated in funding approximately $82 million in small business loans in Houston, resulting in nearly 2500 jobs being created for low-moderate income citizens.
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