Alternative Financing programs

Alternative financial programs such as New Market Trade Credits (NMTC) and Opportunity Zone financing could provide crucial funds for local economic development projects and business opportunities in Southeast Queens. Some areas of downtown Jamaica are eligible for financing from the recently created $6 trillion US federal Opportunity Zone Program. Participating in this workshop is important, best practices will be examined. Participants will begin the process of learning how to utilize these financing programs to spur growth.

Community stakeholders and business owners must encourage innovation that builds on local
competitive advantages and unique circunstances.

After this meeting, we will collectively work on a comprehensive strategy and implementation plan that enhances your chances to obtain these funds. The NYSBDC at York College will provide technical assistance to help you navigate the process and pull together your application for financing.

Guess Speaker

Demond Wilkerson, Financial Consultant
Community Development Financial Institute (CDFI) Representative

September 19, 2018
Queens EOC

Event Recap

The workshop presenters Director Harry Wells (York SBDC) , a representative from the Enterprise Community Partners and Community Development Financial Institution (CDFI) discussed with the attendees potential Greater Jamaica opportunities to obtain the alternative Programs. 

 

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Partnership Program with the SBA, administered by the State University of New York. Funded in part through a Cooperative Agreement with the U.S. Small Business Administration.  All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. All SBA funded programs are extended to the public on a nondiscriminatory basis.