Posts Currently viewing the category: "Success Stories"

Two years ago, Heather Smith came to Renaissance Economic Development Corp. (REDC) with a dream: establishing a new staffing company to help immigrant women find their footing in New York’s hospitality industry. Today her firm, Tropical Stars, Inc., based in Flatbush, Brooklyn, boasts almost $3 million in annual sales, and Smith is planning to…(Read More)

Jamaica Grill Jerk Center: jamaicagrill.net Brooklyn, NY With the support of a NYS CDFI, Lancelot received the capital and coaching he needed to expand his catering operations, increasing the opportunity for his 2 part time employees. “I learned early on not to give up,” observed Lancelot Brown, owner of Jamaica Grill Jerk Center. “I…(Read More)

Yonkers Brewing Co.

John Rubbo and Nick Califano Yonkers Brewing Company Thinking Outside the Six-Pack Hopped up on turning micro brewing on its head, John Rubbo, 31, and Nick Califano, 29, launched into craft beer light. After perfecting recipes with the help of a master brewer at home tasting parties and getting area restaurants to tap in…(Read More)

Washington should increase funding for Community Development Financial Institutions Carolyn B. Maloney Published: November 22, 2016 – 12:01 am This weekend we celebrate Small Business Saturday, an annual event following Black Friday, when shoppers are encouraged to support their communities by shopping local, incentivized by small businesses across the country offering special promotions.Small businesses…(Read More)

Food Cave

Shah Yafi was a General Manager at a 7-11 only one block away from his future business, LIC Deli Gourmet/Food Cave, in Long Island City. Working in the neighborhood for three years, Mr. Yafi noticed that the majority of office workers and residents of the neighborhood purchased meals at 7-11. Despite 7…(Read More)

Pommes Frites

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…(Read More)

The Leviticus Fund is a New York-based regional community development financial intermediary (CDFI) that provides flexible capital to nonprofit organizations that create and preserve affordable, special needs and emergency housing, early education centers for children of low-income families, charter public schools, community health centers, healthy food access sites and other community facilities that…(Read More)

Ana Diaz and Jacqueline Capriles Diaz Electric of New York, Inc. Diaz Electric of New York, Inc. is an M/WBE-certified electrical contracting firm based in  Brooklyn that received two contract-based in 2015. The loans, totaling $117,000, enabled mobilization for two new contracts that positioned the business for further growth in government…(Read More)

Joyful Moments Day Care

Eboni & Kim Cook: Joyful Moments Day Care, Highland, NY Child Care You Can Trust  Even those of you in your prime—fulfilling job, cute kids, being carded at the grocery store—discover that finding the perfect child care can be elusive. When you’re at work, all you can think about is what the…(Read More)

Empire Medical Transportation:  Mike Hoffman Pleasant Valley, NY, Dutchess County  Community Capital New York helped Empire Medical Rev Up to 41 Cars and 85 Employees For real, unedited tales in the fact beats fiction genre of storytelling, just ask an Empire Medical Transportation driver about the average shift. Among other insights, they like their work…(Read More)