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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.
The BOC Network, with offices throughout the City, offers free counseling and referrals. After an initial intake and analysis of a prospective or ongoing business, counselors develop a needs assessment and work with clients to identify and take full advantage of appropriate specialized services, programs and financing sources. BOC counselors also provide essential follow-up and , look for early warning of problems, particularly in utilizing loans. Call for more information on our Entrepreneurial Assistance Program(Free). Services are available in Chinese and English. Call for appointment. MWBE Services available. Note: Other BOCs are located in Boro Park, Harlem, Hunts Point, Jackson Heights, and Staten Island. Check listings in other boroughs.
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.
NYC Industrial Development Assistance programs provide companies with access to triple tax-exempt bond financing or tax benefits to acquire or create capital assets, such as purchasing real estate, constructing or renovating facilities, and acquiring new equipment. NYCIDA can offer expertise in a variety of bond programs, incentive programs and negotiated incentives.
The Jamaica Business Resource Center and Queens/Nassau Suffolk Minority Business Development Center are not-for-profit business consulting and technical assistance organizations. Their primary service areas is New York City, Long Island and Westchester County. A series of training sessions in the fundamentals of business management are also given by JBRC. Services provided include: 1) a Business Information Center with a small business library for business research and planning, and access to MBDA/SBA and other government programs; 2) Business Advisory Group - a staff of business professionals providing guidance and assistance with business plans, loan packages, and other areas of technical assistance; 3) access to banks, revolving loan funds, equity/mezzanine funding and other sources of capital for your business through One Stop Capital Shop; 4) Uniform Minority and Women Business Certification/8A Certification and Contract Procurement assistance for federal, state, local, and private sector contracts. 5) A newly established division in International Trade provides technical assistance to small businesses engaged in exporting; 6) Advice on NYC licenses, permits, and regulations is provided to clients by the New York City Department of Small Business Services.
Manufacturers of tangible personal property acquiring, developing, renovating or equipping facilities for their own use can access triple tax-exempt bond financing and real estate, mortgage and sales tax reductions.