Partnering with Citi for an Exciting New Microfinance Initiative in Queens
Partnering with Citi for an Exciting New Microfinance Initiative in Queens
We are very excited to announce that the Business Center for New Americans (BCNA) has received $50,000 in funding from Citi Community Development to expand our delivery of microloans to low- and moderate-income entrepreneurs in the borough of Queens, one of the most diverse immigrant communities in the country.
Working with the Queens Public Library system and economic development and community organizations, we will be providing in-person outreach; workshops on access to credit for small businesses; and one-on-one counseling to help low- and moderate-income entrepreneurs qualify for loans offered by our Microloan Fund as well as funds from other sources.
Last year BCNA helped more than 450 small businesses through loans, business training, and technical assistance. We’re very proud of that because, as Jill Kelly, Deputy Regional Director for Citi Community Development, puts it so succinctly: “Small businesses are the driving force behind economic recovery and growth.” Now, through this exciting partnership with Citi, we will be able to expand our outreach and help an even greater number of immigrants and refugees work to achieve their American Dream.
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