PAST AWARDEES — COHORT ONE
Five partnerships, two years, and 4,329 small businesses served across New York City.
Eighteen neighborhoods across Queens, the Bronx, Brooklyn, Manhattan, and Citywide. One hundred percent of small business owners reporting increased confidence. And every partnership with plans to continue.
Since our founding in 2021, the purpose of the NY SBFC has been to assemble and activate funders to strengthen the business support ecosystem for presently and historically excluded entrepreneurs in NYC.
To date, we have:
Secured over $4.5 million in financial commitments for pooled grantmaking
Attracted 8 members, leading institutions from the financial, foundation, and corporate sectors
Delivered an entirely new grant-making experience in keeping with collaborative and trust-based philanthropy
Designed and launched two rounds of grant-making plus technical assistance across two grantee cohorts, with the next public RFP launching in late 2026
Our Purpose
While small business is a key driver of wealth and opportunity in America, its promise is not available to all.
Cohort One
Our Reach & Impact
Planning · June 2023 · Implementation · June 2024 · Final Reporting · March 2025
4,329
Small businesses served
Benefited from programming, outreach, coaching, and services.
18
Neighborhoods impacted
Individual neighborhoods of focus across the city.
100%
Increased business owner confidence
Of small business owners expressed increased confidence.
5
Boroughs reached
Projects spanned Queens, the Bronx, Brooklyn, Manhattan, and Citywide.
TWO-YEAR IMPACTS
From community-led planning to implementation.
Over the course of two years, our first cohort moved from community-led planning projects aimed to help small businesses poised for growth to implementation of pilots, curricula, coaching, and more. These partnerships are demonstrating a positive impact on small business owners, their families, and local neighborhoods.
Numerous micro- and small businesses are in the process of securing capital, having been locked out or averse to the process in the past.
All five partnerships have plans to continue, with many expanding the scope of their original idea using new staff and funds leveraged from SBFC’s original support.
Cohort One · Looking ahead
AT A GLANCE
Cohort One Grantees
-
Asian American Federation
In partnership withKorean American Family Service Center and Korean Community Services of Metropolitan New York
-
Evergreen
In partnership withSBIDC and BOC Network
-
Hot Bread Kitchen
In partnership withThe Acceleration Project
-
Restoration
In partnership withUrbane
-
Youth Ministries for Peace & Justice
In partnership withHester Street
COHORT ONE
Beneficiaries
- Small business intermediaries
- Small business owners in the food industry
- Small business owners in manufacturing and industrial
- Historically marginalized entrepreneurs, including:
- Women & BIPOC business owners
- Formerly incarcerated individuals
- LGBTQIA+ and gender-expansive business owners
- Veterans & immigrants
- Limited English proficiency (LEP) populations
- Low- and moderate-income (LMI) populations
FUNDED BY
- JPMorganChase
- M&T Bank
- Principal Foundation
- Surdna Foundation
- Santander Bank
- MetLife Foundation
- BankUnited
- Capital One
Join the effort.
To learn more about the NY Small Business Funders Collective, including how you can join the effort, email inquiries@nysmallbusinessfunders.org.