NYC Small Business Services opens applications for up to 2 million in grants

NYC Department of Small Business Services (SBS) Commissioner Jonnel Doris today opened applications for up to $2 million in grant awards to support Community Based Development Organizations (CDBOs) working in low- to moderate-income (LMI) communities. The grants, funded by SBS’ Avenue NYC program, is part of the City’s continued focus on supporting small business and commercial district recovery.

Funding will be distributed over the course of three years through two grant types: Commercial Revitalization and Organizational Development Grants. Selected organizations will use grant awards to develop and staff commercial revitalization projects that address community-identified needs and opportunities for commercial districts in low- to moderate-income neighborhoods.

Commercial Revitalization Grants
The Commercial Revitalization (CR) Grants will help nonprofit CBDOs that serve a single LMI neighborhood assess their community needs and carry out merchant organizing, district marketing, and small business support.

Each CR grant will include funding of up to $100,000 per year for three years. Selected CBDOs will use funding to hire a dedicated full-time program manager. Grantees can also expect to receive:
– Assistance for grantees to complete a Commercial District Needs Assessment (CDNA), that will assess neighborhood needs and opportunities, and help grantees plan and implement impactful, data-driven projects, and
– Monthly cohort-based trainings for program managers to receive technical assistance, best practice sharing, and capacity building support.

Eligible CBDOs serving one LMI neighborhood can learn more and apply at Applications close on June 13th.

Organizational Development Grants
Organizational Development (OD) Grants will fund citywide nonprofit organizations that provide technical assistance to multiple CBDOs across the city. Nonprofit technical assistance providers that receive these grants will provide free legal assistance, fiscal and project management, leadership development, coaching, and other programs to build CBDOs’ organizational capacity.

Each OD Grant will include funding of up to $100,000 per year for anywhere between one and three years.

Eligible nonprofit technical assistance providers that design and implement assistance programs applicable to CBDOs across the city can learn more and apply at Applications close on June 6th.

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