Newsroom

Flushing 2050 Report Released; Community Conference Held

On April 28, 2017 REDC’s parent organization, Asian Americans for Equality, hosted a conference in Flushing, Queens and released a report, Flushing 2050: Envisioning Our Future Together. One year ago, AAFE brought a broad cross-section of community leaders together for the launch of the Flushing 2050 Community Building Initiative.  The project is being led by Partners…

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AAFE Assists Residents After Fire in Elmhurst Queens

REDC’s parent organization, Asian Americans for Equality, is a frequent “first responder” on the scene of many emergency situations faced by the communities we serve throughout New York City. A devastating fire April 12, 2017 in a building on 94th Street in Elmhurst, Queens forced dozens of residents from their homes. Two days later, AAFE…

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AAFE and Flushing BID Receive NYC Grant For Small Business Revitalization

Thanks to a grant from the NYC Department of Small Business Services, REDC’s parent organization, Asian Americans for Equality, will be able to enhance its services to small business in Downtown Flushing, Queens. In March of 2017, the city agency, through its Neighborhood 360 Program, awarded community organizations across the five boroughs millions of dollars…

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Thanks to New Legislation, Renaissance Will Be Able to Help More Micro-Businesses

Renaissance Economic Development Corporation and it’s parent organization, AAFE, was pleased to host State Assembly member Ron Kim and State Sen. Daniel Squdron  June 13, 2016 to celebrate an important victory for small businesses throughout New York City. The Kim/Squadron legislation, recently approved, strengthens a key loan program to help micro-businesses (less than five employees)…

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Renaissance Economic Development Corp. Helps Beloved Restaurant Reopen

On Monday, June 20, 2017 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…

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Renaissance Announced as Veteran Business Assistance Center

Renaissance Economic Development Corporation has been announced by Empire State Development (ESD) as one of seven Entrepreneurial Assistance Programs (EAP) statewide to have been selected to develop Veteran Business Assistance Centers. Each center will receive a grant of up to $42,000 to fund the current program year and enable the EAP centers to assist veterans…

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Renaissance Deploys First U.S. Veteran Loan

In January of 2015, Renaissance Economic Development Corporation (REDC) approved and disbursed the first loan from the organization’s Veteran Small Business Loan program. The recipient, Chris Nolte, received funds to create a retail location for Propel, his web-based electric bike business. Mr. Nolte, 33, served for 5 years as a fuel truck driver in the…

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REDC Awarded PRIME Grant

Renaissance Economic Development Corporation (REDC), was awarded a $100,000 grant by the U.S. Small Business Administration‘s (SBA) Program for Investment in Micro entrepreneurs Act (PRIME). The grant was presented to AAFE’s Executive Director, Chris Kui, by SBA Administrator Maria Contreras-Sweet, alongside Congresswoman Nydia Velazquez (D-NY), House Small Business Committee Ranking Member. REDC, an SBA-approved Micro-lender, was awarded the grant…

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Renaissance Holds Entrepreneurial Assistance Program Graduation Ceremony

On December 11, 2014 Renaissance Economic Development Corporation (REDC), held a graduation ceremony for students who successfully completed the organization’s Entrepreneurial Assistance Program (EAP). The EAP, which was first offered in 1995, is a 12-week, 60-hour course designed for first-time business owners who want to develop the skills necessary to grow and maintain a healthy business. Program…

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Renaissance Selected for Immigrant Business Initiative

Renaissance Economic Development Corporation (REDC), was named in the fall of 2014 as one of five community-based partners selected to participate in the Department of Small Business Service’s (SBS) Immigrant Business Initiative. The program, first announced in May, is funded through a $250,000 contribution from Citi Community Development. In addition to REDC, the selected community partners include…

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