Brooklyn Chamber of Commerce
DHC and the Brooklyn Chamber of Commerce have experienced several successes this year in securing funds that will work towards benefitting Brooklyn’s business community and its veterans. We were able to assist the Chamber in securing a $50,000 grant from the Small Business Administration (SBA) that will help expand their efforts to support veteran entrepreneurs in coordination with New York University’s Tandon School of Engineering. The Growth Accelerator Fund Competition is intended to strengthen and modernize the support systems to which veteran entrepreneurs have access in Brooklyn. With this opportunity, the Chamber and NYU Tandon will be able to develop a new incubator space in Industry City allowing more veterans access to business development and mentorship services.
DHC, on behalf of the Chamber, has worked closely with the SBA’s Office of Veterans Business Development to bring attention and resources to Brooklyn’s thriving veteran community. Earlier in the year, the Associate Administrator in charge of the SBA’s Office of Veterans Business Development, Ms. Barbara Carson, toured facilities at NYU Tandon and saw firsthand the kind of business development programs being run there.
DHC also collaborated with the Chamber to receive a $125,000 Technical Assistance Grant from the Department of Treasury’s Community Development Financial Institution (CDFI) Fund. This grant will help the Chamber build the infrastructure necessary to become a certified CDFI, an institution that will provide credit and financial services to underserved markets and population to spur growth in Brooklyn. To be certified, the Chamber will need to show that it has a primary mission of promoting community development, can provide both financial and educational services, and will both serve and maintain accountability to its defined market. Once the Chamber is certified, it will be eligible to apply for a variety of awards through the CDFI fund, which will finance different opportunities for the residents of Brooklyn. These new opportunities could include mortgage lending for first-time homebuyers, flexible underwriting for community facilities, and commercial loans for businesses in low-income areas.
For additional information on The Growth Accelerator Fund Competition grant see this article in the Brooklyn Daily Eagle.
Brooklyn Comes to DC
Additionally, the Brooklyn Chamber will be holding its Second Annual Brooklyn Night in DC on Tuesday, November 29th. The event will take place in the Kennedy Caucus Room of the Russell Senate Office building starting at 6:00 pm. The Chamber along with DHC will be will be celebrating business in Brooklyn with a feature of Brooklyn made goods. The reception will be preceded by a legislative day that will bring a delegation of over 75 representatives from the Brooklyn business community to interact with their legislators and lay out their priorities for the coming year.
For more information on Brooklyn Night follow this link to the Chamber’s website.