News Column

NYC Department of Small Business Services Announces Six Bronx Recipients of 2015 Avenue NYC Grants

July 1, 2014



NEW YORK, July 1 -- The Bronx Borough President issued the following news release:

The Department of Small Business Services today announced six Bronx recipients of Avenue NYC funding for FY15. Avenue NYC is a competitive grant program that provides funding for non-profit economic development organizations to implement commercial revitalization activities in the low and moderate-income districts they serve. Avenue NYC also offers a number of capacity building initiatives to support the efforts of organization staff and Board Members throughout the City. Capacity building trainings include topics such as financial management, program evaluation, fundraising and strategic planning. In FY14, organizations that received Avenue NYC funding attracted 53 new businesses to their corridors, recruited 355 new merchants to new and existing merchants associations, and improved 12 storefront facades.

"The de Blasio administration is committed to building strong neighborhoods and commercial corridors across the five boroughs to help support local businesses and create good jobs," said Alicia Glen, Deputy Mayor of Housing and Economic Development. "Avenue NYC grants ensure that all neighborhoods have access to the resources they need to thrive through successful commercial revitalization projects."

"Avenue NYC supports non-profit economic development organizations across the five boroughs that are helping to boost neighborhoods and create more vibrant commercial corridors and economic opportunities for all New Yorkers," said Maria Torres-Springer, Commissioner of the NYC Department of Small Business Services. "Congratulations to this year's Avenue NYC recipients, and I look forward to working with organizations across the City to ensure that all neighborhoods have access to the resources they need to rise together."

"These grants, delivered through the Avenue NYC program, will help several of our borough's most significant business corridors develop new programming, enabling them to attract new customers and grow their businesses," said Bronx Borough President Ruben Diaz Jr. "Economic development is a top priority of my administration, and I am grateful to the Department of Small Business Services for providing the critical funding our small business communities need to expand through this wonderful initiative."

Avenue NYC funding is available for the following five project categories: Business Attraction, Facade Improvement, Merchant Organizing, Capacity Building Initiatives, and Placemaking. This year, $250,000 in Avenue NYC funding has been awarded to the following six Bronx-based organizations:

Belmont BID - Continue to organize merchants within the Belmont Community of the Bronx to reintroduce new businesses to local residents.

Mosholu Preservation Corporation - Continue to organize merchants along Webster Avenue and grow the capacity of the East 233rd Street and White Plains Road Merchants Associations.

New Bronx Chamber of Commerce - Begin organizing merchants along Allerton Avenue.

Women's Housing and Economic Development Corporation - Attract new businesses to Southern Boulevard and the Melrose neighborhood,

South Bronx Overall Development Corporation - Organize merchants along Bruckner Boulevard and partner with HUB Third Avenue DMA to improve retail facades on 139th St. and Third Avenue.

Kingsbridge-Riverdale-Van Cortlandt Development Corporation - Develop the Marble Hill Merchants Association and create "Meet the Merchants" promotional video.

Organizations receiving Avenue NYC funding enter into a registered contract with the City of New York. The contract term begins on July 1, 2014 and ends on June 30, 2015. The length of time required from the start of the contracting process to contract registration varies and is contingent upon the timeliness and completeness of contracting materials submitted by organizations.

About The Department of Small Business Services

The Department of Small Business Services (SBS) makes it easier for businesses in New York City to start, operate and expand by providing direct assistance to business owners, fostering neighborhood development in commercial districts, and linking employers to a skilled and qualified workforce. For more information on all of SBS' services, go to www.nyc.gov/sbs.

Follow the SBS Neighborhood Development Division on Twitter @SBSNeighborhood or on their blog, www.nycneighborhoods.tumblr.com.

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