Ibero American Investors Corporation was founded in July 1979. The same year an application for licensing was submitted to the US Small Business Administration. The license was granted in September 1979. Throughout its twenty one-year history, IAIC has provided over $23 Million in financing to over 323 minority and women owned businesses, most of them located within the City of Rochester. IAIC previous financing deals have been in the areas where most minority businesses are concentrated, retail and services. In March 2000, IAIC amended its charter so that it could expand its financing activities to include any small business.
