Newsroom

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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From the Front Line to the Fast Lane

Going to war was never part of the plan for Chris Nolte. He didn’t dress up as a soldier when he was a kid growing up on Long Island. Nor did he pour over war movies wishing he could have the chance to become the protagonist in his own adventure. Back in 2000, when Chris…

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Rebuilding Businesses Post-Sandy

In October of 2012, much of New York resembled the aftermath of a scene from a big budget action movie. This was chaos on a grand scale: Cars flipped, trees uprooted, utility poles snapped like toothpicks and entire homes swept away. But this wasn’t a movie; it was real. Superstorm Sandy, the largest Atlantic hurricane on…

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Rebuilding in Rockaway

Ask locals for characteristics that typify the people of Rockaway and the chances are that you’ll hear words like “tough,” “resilient,” and “gutsy.” All are traits that residents here have needed in spades in recent years. First there was 9/11. Fifty locals perished that day, many of them firefighters called into action as the Twin Towers smoldered in…

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