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)

Karen’s Hope

Karen’s Hope (KHI) is a 501c3 organization established in 2014 on Long Island. The vision of Karen’s Hope is to empower individuals with disabilities to lead productive, more independent lives by providing housing, as well as educational and social programs. When individuals transition at age 21, they now have a place to turn…(Read More)

Member organizations Community Capital, Leviticus Fund, Accion East, and Business Center for New Americans (BCNA) were pleased to attend the 2018 Wells Fargo Community Summit, which was attended by the more than 150 New York area nonprofits that receive funding from Wells Fargo Community Development initiatives. Panels and workshops introduced attendees to the numerous ways…(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)

Karen’s Hope

May 2, 2018 Long Island, New York

Karen’s Hope (KHI) is a 501c3 organization established in 2014 on Long Island. The vision of Karen’s Hope is to empower individuals with disabilities to lead productive, more independent lives by providing housing, as well as educational and…

(Read More)

Jamaica Grill Jerk Center

January 1, 2018 Lancelot Brown

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…

(Read More)

Yonkers Brewing Co.

January 1, 2018 John Rubbo and Nick Califano

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…

(Read More)

An overlooked way for NYC’s small businesses to get a loan

December 1, 2016 Carolyn B. Maloney

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…

(Read More)

Food Cave

November 21, 2016 Shah Yafi

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…

(Read More)

Pommes Frites

November 21, 2016 Suzanne Levinson and Omer Shorshi

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…

(Read More)

Affordable Housing – Made Possible by Resident-Owned Communities

October 1, 2016 Made Possible by Resident-Owned Communities

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…

(Read More)