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CITY INVESTS OVER $4 MILLION IN MULTI-YEAR GRANTS TO SUPPORT NEIGHBORHOOD RECOVERY

 New York – NYC Department of Small Business Services (SBS) Commissioner Jonnel Doris today announced that the City of New York is investing over $4 million in multi-year grants through Avenue NYC and Neighborhood 360°, as part of the City’s focus on Race, Equity, and Inclusion (REI). The announcement furthers New York City's efforts, laid out in the Mayor's recovery agenda, to make New York the fairest city in America by centering services in neighborhoods that have carried the heaviest burden of economic and health inequities.   

 

Help Revive Our Business Hallways

“COVID-19 has had devastating effects on our Black, Asian, and Latinx communities and it is important we deliver the resources they need to recover,” said Jonnel Doris Commissioner of the Department of Small Business Services, “These initiatives will help revitalize our commercial corridors and bring them back stronger than ever.”  

The funds, distributed through the Avenue NYC and Neighborhood 360° grants will be used to develop and staff revitalization projects that address community-identified needs.   

$840,000 in Avenue NYC grant awards will be awarded to the Bridge Street Development Corporation, Morris Park Business Improvement District, and Woodhaven Business Improvement District through 2023.  

The Alliance for Coney Island, Brownsville Community Justice Center/Center for Court Innovation, Council of the People Organization, Flatbush Development Corporation, Mosholu Preservation Corporation, Pitkin Avenue Business Improvement District, and Queens Economic Development Corporation will be awarded $3.3 million over 3 years in Neighborhood 360° grants.  

“Bridge Street Development Corporation is pleased and honored to receive this critically important and timely grant award from the NYC Department of Small Business Services,” said Gregory Anderson, President & CEO of the Bridge Street Development Corporation. “This award will enable Bridge Street to help sustain and revitalize small businesses in Bedford Stuyvesant and expand upon our community development and economic empowerment activities.”   

"We are energized, proud and grateful to receive the NYC SBS Avenue NYC award for conducting a Commercial District Needs Assessment, gathering structured, community-informed insights into the Morris Park BID district needs,” said Camelia Tepelus, Executive Director of the Morris Park Business Improvement District. “This multi-year investment will help strengthen the Morris Park historic resilience, inform future strategic decisions and solidify sustainability of our corridor, enhancing the Morris Park neighborhood and the Bronx."  

"The Woodhaven BID is thrilled to have been selected as one of the grantees of Avenue NYC. This program will give our community a vital extra capacity to navigate the challenging environment our small businesses are experiencing and to generate positive solutions,” said Raquel Olivares, Executive Director of the Woodhaven Business Improvement District. “We are looking forward to partnering and working with NYC Small Business Services to make a significant lasting difference in Woodhaven, Queens."   

“COVID-19 has done severe damage to our small businesses and local economies need all the help they can get. These funds will enable local organizations in Woodhaven and Brooklyn to help small businesses thrive as they climb back onto their feet, weather this downturn and provide badly needed jobs,” said Rep. Nydia M. Velázquez (D-NY).   

"COVID has had a devastating impact on families, businesses, and communities in the Bronx. Our communities are resilient – but we need investment to recover and rebuild. I am proud to see Morris Park BID receive funding as part of the Avenue NYC program to lead our community on the road to recovery. I want to thank the New York City Department of Small Business Services and Commissioner Jonnel Doris for their commitment to the small businesses that make all of our communities special," said New York State Senator Alessandra Biaggi (D - Westchester/Bronx)  

“Any and all extra aid to our small businesses is vital. I am glad to see that NYC SBS Avenue NYC will be providing an extra $1 million in grants to help our small businesses recover from the effects of COVID 19, especially in the Morris Park Corridor of The Bronx,” said Assembly Member Nathalia Fernadez.   

About Avenue NYC   

SBS’ Avenue NYC program is a competitive grant program that funds and builds the capacity of CBDOs including business improvement districts (BIDs), local development corporations, merchants associations and others operating in low- to moderate-income neighborhoods to execute commercial revitalization projects. Avenue Nyc Small Business Services grant awards allow these organizations to hire a full-time program manager, and enable them to conduct an in-depth district needs assessment and execute commercial revitalization programming and services in their neighborhoods. Avenue NYC is funded through the U.S. Department of Housing and Urban Development’s Community Development Block Grant (CDBG) Program. More information on Avenue NYC can be found at nyc.gov/avenuenyc.  

 

About Neighborhood 360°   

SBS’ Neighborhood 360° program identifies, develops, and launches commercial revitalization projects in partnership with local stakeholders. Nyc Small Business Resource Network through proactive planning and targeted investments, Neighborhood 360° supports projects that strengthen and revitalize the streets, small businesses, and community-based organizations that anchor New York City neighborhoods. For more information on Neighborhood 360°, please visit nyc.gov/neighborhood360  

 

About the NYC Department of Small Business Services (SBS)  

SBS helps unlock economic potential and create economic security for all New Yorkers by connecting New Yorkers to good jobs, creating stronger businesses, and building vibrant neighborhoods across the five boroughs. For more information on all SBS services, go to nyc.gov/sbs, call 311, and follow us.



Source Url: https://www1.nyc.gov/site/sbs/about/pr20201104-avenuenyc.page

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