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Small Business Services Directory
The Bronx Overall Economic Development Corporation (BOEDC), the administrator of the Bronx Empowerment Zone (EZ), offers two loan programs for qualified Bronx Empowerment Zone companies. Both programs offer loans at a very low interest rate and long terms in return for the borrowers commitment to hire Bronx Empowerment Zone residents. The Business Assistance Initiative (BAI) can generally lend up to $1 million to finance up to half of a project's cost. The EZ Loan Fund can finance up to 80% of a project's cost up to loans of $200,000.
The BIEE initiative consists of three separate partnership funds: The Bronx Partnership for Electric Transportation, the Bronx Partnership for Environmental Benefit, and the Bronx Partnership for Residential and Commercial Energy Efficiency and New Technology. The goal of the initiative is to demonstrate pathways to a greener Bronx. For-profit companies, non-profit organizations and housing corporations operating in the Bronx are eligible to apply for BIEE funds. BIEE funds can be used for: Implementation of energy-efficient measures, including electric/alternative fuel machinery and equipment; Boiler retrofit; New technology to reduce air pollution and/or cause energy savings, e.g.: green roofs and other greening measures; Solar technology; Wind technology; and Customized energy surveys.
Business First is your one-stop shop for all of the statewide economic development programs New York has to offer. It is a business-focused portal to the wealth of incentives, programs and resources available to companies – large and small – within New York State and to those that choose to relocate here. The site is administered by Empire State Development, but dozens of other agencies are represented. State financial incentives and technical expertise can be found here – searchable by type of assistance, industry, size of business, MWBE status, and more
The Business Outreach Center Network (BOC Network) offers free counseling and referrals on all issues involved in starting and growing a business. After an initial intake and analysis of an ongoing or prospective business, counselors develop a needs assessment and work with clients to identify and take advantage of appropriate specialized services, programs, and financing sources. There are BOCs throughout the city with multilingual services. In Queens services are available in English and in Spanish. Other BOCs are located in Chinatown, Newark, Washington Heights,Brooklyn, and Staten Island. Check listings in other boroughs or call the BOC main office at 718-624-9115.
Supported by the Upper Manhattan Empowerment Zone and the U.S. Small Business Administration, the Business Resources and Investments Service Center (BRISC) offers start-up and/or expansion loans to qualified entrepreneurs in Upper Manhattan. $50,000 to $250,000 loan size; Competitive fixed rate; Maximum seven year maturity; and No job creation requirement.
BRISC technical assistance programs are available to ensure the sustainability, profitability and growth of small businesses in the Upper Manhattan Empowerment Zone. Technical assistance includes consulting services, workshops, seminars and access to a large
Through this program owners or developers of manufacturing facilities may finance the acquisition of buildings and equipment, renovation and construction.
The New York State Empire Zone program was created in 1986 to help qualified companies reduce their cost of doing business. North Brooklyn was designated as an Empire Zone in 1998, and recently expanded in 2006 to include parts of Williamsburg and Greenpoint. As an Empire Zone certified business, firms are eligible to claim various credits against their New York State Tax liability. These credits are tied to employment and investment, and are available to industrial and manufacturing businesses located within the zone boundaries. There is a certification process which includes an application, review by a local Zone Administrative Board, and a state review to ensure each application is accurate and each business meets the State
Companies developing facilities on publicly-owned docks and wharves or developing solid waste recycling facilities can access triple tax-exempt bond financing. Reductions in mortgage recording and sales taxes may also be available. Private companies developing transportation or related facilities located on docks and wharves or solid waste recycling facilities are eligible to use triple tax-exempt bonds to finance the construction, renovation and equipping costs associated with these projects. Recycling companies may also be able to use triple tax-exempt bond financing for site acquisition.
The Center for Entrepreneurship at Fordham University launched the Fordham Foundry in partnership with Small Business Services of the City of New York. Located in a shared office space with NYC Business Solutions on Fordham Road, the Foundry is focused on creating and growing small businesses. The Foundry is an independent, mixed-use business incubator located off-campus that was developed specifically to assist promising entrepreneurs in launching new businesses by providing collaborative workspace, shared office equipment, confidential business consultation, a mentoring program, continuous business education and workshops, and access to funding for qualified early-stage businesses. Membership is available to those in the Fordham community: current students, alumni, faculty and staff from all departments and colleges. In order to qualify for membership, at least one team member must have a connection with Fordham.