The loans include flexible repayment schedules to help M/WBEs increase access to capital and grow their business. In addition, First Lady Chirlane McCray and Deputy Mayor Richard Buery unveiled a streamlined application for M/WBE certification and a separate, more accessible and user-friendly M/WBE certification application for small businesses owned and operated by one person (sole proprietors).
SBS, along with NYCEDC, announced the launch of Neighborhood Challenge, a partnership between the city's technology industry and nonprofit community to address commercial district needs. Winning teams will be eligible to receive up to $100,000 in funding to develop and implement their proposed tech solutions within one year.
The new cohort of Women Entrepreneurs NYC (WE NYC) mentors is made up of 30 successful businesswomen from a variety of industries that reflect the diversity of New York City. Since its launch, WE NYC has connected more than 1,500 women to resources and support.
SBS Commissioner Gregg Bishop announced nearly $9 million in public and private investments to revitalize commercial corridors in six city neighborhoods: East Harlem, Downtown Staten Island, East New York, Downtown Flushing, Inwood, and Jerome Avenue in the Bronx. The grants will be used to address unique local needs in each neighborhood.