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History
The Paragon Foundation of Palm Beach County, Inc. (Paragon) was
incorporated as a Florida nonprofit corporation with the Florida
Division of Corporations on May 10, 2006. The Paragon Foundation
provides economic development investments including an equity investment
program, economic development grants, scholarships, and training.
Additionally, Paragon facilitates Black business participation in the
regional biotech sector and promotes urban redevelopment of Palm Beach
County’s black communities. The foundation was created to ensure a more
balanced and representative playing field for minority businesses and
enhance the ability of minority businesses to compete in an increasingly
crowded economic sector.
The Foundation has adopted a plan for sustainability that complements
existing donor sources and maximizes opportunities to pursue new
funding. Additional sources of funding - to finance operations, programs
and services - will include funding from individuals, corporate donors,
economic development grants, foundations and contributions.
Mission, Vision and Values
The major strategic themes are based on the core philosophy of setting a
standard for excellence in the pursuit of promoting the growth and
prosperity of small, minority and black-owned businesses so they can
thrive and grow.
Mission
To support the growth and prosperity of start-up, emerging and mature
minority-owned businesses in Palm Beach County with an emphasis on
Black-owned businesses.
Vision
To be recognized and valued for enhancing the economic development of
Palm Beach County by providing financial assistance, tools, support and
advocacy for black and minority-owned businesses from underserved
communities.
Core Values
Paragon’s leadership desires that the Foundation achieves its mission
and accomplishes its purpose with an aura of excellence. As such, the
following core values will serve as guiding principals for the
Foundation:
 Ethics
and integrity will never be compromised.
Compassionate capitalism works.
Minority
participation in the economy is good for the county and all communities.
Fiscal
responsibility is the foundation of our success.
Excellence is expected and rewarded.
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