Newsroom

Renaissance Launches East Village Small Business Revitalization Fund

Renaissance is stepping up to assist small businesses in Manhattan’s East Village neighborhood with a new fund. The East Village Revitalization Loan Fund was unveiled July 30 in partnership with City Councilwoman Carlina Rivera and community advocates. The $500,000 fund was established, in part, to address persistent concerns we heard from small businesses during a…

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REDC Provides Small Businesses Support With a Personal Touch

Asian Americans for Equality (AAFE), our parent organization, recently featured this REDC success story in its 2018 Annual Report:  Whether you are a seasoned pro or a new entrepreneur, starting a small business is hard. Expanding a business, building a successful and sustainable independent venture, is even more difficult. Luckily, Chi-Sum Ngai and Kaleena Teoh…

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At Flushing Forum, Local Leaders Emphasize Need For More AAPI Small Business Resources

U.S. Rep. Grace Meng and other community leaders came to the offices of Renaissance Economic Development Corporation (REDC) in Flushing, Queens April 26 for an important roundtable discussion on AAPI small businesses. The National Coalition for Asian Pacific American Community Development (National CAPACD) recently released a report, Small Business, Big Dreams. REDC was one of…

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New Report Highlights Essential Role of Groups Like REDC in Bolstering AAPI Small Businesses

REDC clients Chi-Sum Ngai and Kaleena Teoh at the “Coffee Project” in Brooklyn. A new report offers powerful new evidence that nonprofit organizations which support immigrant entrepreneurs, such as REDC, provide crucial pathways out of poverty in Asian American communities. The study. by National CAPACD, revealed the significant barriers faced by AAPI small business owners, and…

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Renaissance Offers Spanish-Language Entrepreneurship Courses in Jackson Heights

Renaissance has announced a new small business education program tailored for Spanish-speaking entrepreneurs in Jackson Heights and surrounding neighborhoods in northern Queens. The series (taking place Feb. 13, 20 and 27) is completely free. The classes are focused on bridging the digital divide, helping entrepreneurs stay sustainable and successful in our community. Topics include: Creating…

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Emergency Loan Fund For Businesses Impacted by Sunnyside Fire

Renaissance has established an emergency loan program for small businesses impacted by the devastating fire in Sunnyside, Queens. The blaze on Dec. 13 destroyed six businesses on Queens Boulevard near 45th Street. See below for more details. The New York City Department of Small Business Services will be holding a meeting on Thursday, Dec. 20…

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Santander Bank Awards Renaissance $50,000 For Small Business Programs

On Nov. 5, 2018, Renaissance was on hand for the grand opening of a new Santander Bank branch at 136-11 Roosevelt Avenue in Flushing, Queens. Jennifer Sun, co-executive director of Asian Americans for Equality (Renaissance’s parent organization), accepted a generous $50,000 check from Santander. The funds will be used to support our technical assistance programs…

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Renaissance Co-Hosts Small Business Fair in Lower East Side/East Village

Renaissance joined our non-profit partners and local elected officials for a successful Small Business Fair in the East Village Oct. 23. State Senators Brian Kavanagh and Brad Holyman came by the event at Downtown Art on East 4th Street. Representatives from City Councilmmber Carlina Rivera’s office were there, as well, to address the concerns of…

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Renaissance Awarded $600,000 to Bolster Small Businesses in New York City

Renaissance Economic Development Corp.(REDC) has been awarded $600,000 from the U.S. Department of the Treasury to support small businesses in New York City’s  immigrant, low- and middle-income communities. The Community Development Financial Institutions Fund (CDFI Fund) announced its 2018 awards Wednesday, Sept. 18. Renaissance is one of 302 institutions nationwide receiving support to boost economic…

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Renaissance Offers Emergency Loan Program For Businesses Impacted by Flatiron Explosion

Renaissance is partnering with the city’s Department of Small Business Services (SBS) to help small businesses impacted by the steam-pipe explosion in Manhattan’s Flatiron District. We have established the Flatiron District Steam-Pipe Explosion Emergency Loan Program. The loans must be used as emergency working capital for businesses located between 18th and 22nd streets, and between…

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