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About Renaissance Economic Development Corporation

Renaissance Economic Development Corporation is certified as a community development financial institution through the U.S. Department of the Treasury’s Community Development Financial Institutions Fund and has been a recipient of multiple CDFI Fund grants. Renaissance is also a Small Business Administration-approved Micro-lender. Additional support for Renaissance’s Small Business Loan Fund and technical assistance programs comes from New York State’s Empire State Development Corporation, New York City’s Department of Small Business Services, Citi Foundation, and MetLife Foundation.

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Emergency Loan Program Set Up For Flushing Fire

Fire in Flushing, Queens. Photo: New York Daily News.

Fire in Flushing, Queens. Photo: New York Daily News.

Following a devastating fire in Flushing, Queens, Asian Americans for Equality and its affiliate, Renaissance Economic Development Corp., have announced the establishment of an emergency loan program.

The accidental fire, which broke out in a restaurant Jan. 25, took firefighters hours to bring under control. Flames severely damaged about 15 businesses in a shopping district on Roosevelt Avenue near Main Street in Flushing.

The Downtown Flushing Fire Emergency Loan Program will aid small businesses directly impacted by the blaze. Loans will be made available for emergency purposes, up to $30,000, and at a low interest rate. See the English and Chinese flyers posted below for more information. Continue reading Emergency Loan Program Set Up For Flushing Fire

Renaissance Economic Development Corp. Helps Beloved Restaurant Reopen

On Monday, June 20, AAFE and Renaissance Economic Development Corp. helped Pommes Frites celebrate its official grand re-opening in the West Village of New York City.

The beloved restaurant was a fixture in the East Village for almost 20 years. But it was one of several small businesses devastated by last year’s Second Avenue explosion and fire. Renaissance, an affiliate of Asian Americans for Equality, helped Pommes Frites secure a low-interest loan to open a new space at 128 MacDougal St. Continue reading Renaissance Economic Development Corp. Helps Beloved Restaurant Reopen