The NYC Department of Small Business Services (SBS) announced today it will award a total of $3.8 million in Avenue NYC and Neighborhood 360° grants to 24 community-based development organizations (CBDOs) working in low-to-moderate income neighborhoods.
The Avenue NYC grants, funded by the Federal Community Development Block Grant (CDBG) and American Recovery Plan Act (ARPA), are part of the City’s continued focus on supporting small business and commercial district recovery.
“Our nonprofits play a vital role in ensuring the vitality of our small business sector, and these grants will help them better deliver on that mission,” said New York City Mayor Eric Adams. “Strengthening our commercial corridors is a key component of our ‘Renew, Rebuild, Reinvent’ economic blueprint released earlier this year, and we will continue to work in close partnership with those on the ground to ensure an equitable recovery.”
“Our city’s commitment to an equitable economic recovery is steadfast. These funds will go directly to helping communities most in need and put into practice promises made in our Economic Blueprint,” said Maria Torres-Springer, Deputy Mayor for Economic and Workforce Development. “The Avenue NYC and Neighborhood 360° grants will help local nonprofits revitalize commercial corridors and continue to champion our small businesses.”
“As we all collaborate on spurring New York City’s economic recovery, SBS is proud to support community-based development organizations throughout the five boroughs,” said Kevin D. Kim, Commissioner of the Department of Small Business Services. “The Avenue NYC and Neighborhood 360° investments will bolster the ability of our nonprofit partners to assist local small businesses in neighborhoods that need the most help.”
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The Avenue NYC grant program includes:
- Grants of up to $100,000 per year for up to three years for a maximum possible award of $300,000
- Dedicated funding for a full-time program manager
- Assistance for grantees to complete a Commercial District Needs Assessment (CDNA)
- Funding to support projects informed by the CDNA findings
- In-depth group trainings and capacity building support
The following 5 organizations will receive Avenue NYC grants to staff and develop commercial revitalization projects that address community-identified needs:
- Bridge Street Development Corporation, Crown Heights, Brooklyn
- Moshulu Preservation Corporation, Wakefield, Bronx
- Brooklyn Chinese American Association, Bensonhurst, Brooklyn
- Federation of Italian – American Organizations of Brooklyn, Bensonhurst, Brooklyn
- Queens Economic Development Corporation, Astoria, Queens
The following 10 organizations will receive a second and third year of funding to continue implementing their commercial revitalization projects that address community-identified needs, as outlined in completed Commercial District Needs Assessments:
- Asian American Federation, Murray Hill, Queens
- Bridge Street Development Corporation, Bedford-Stuyvesant, Brooklyn
- Brooklyn Alliance, Canarsie and Homecrest, Brooklyn
- Bronx Chamber of Commerce, Mott Haven, Bronx
- Brooklyn Chinese American Association, Sunset Park, Brooklyn
- Church Avenue Business Improvement District, Flatbush, Brooklyn
- Fordham Road Business Improvement District, Fordham, Bronx
- Morris Park Business Improvement District, Morris Park, Bronx
- Think!Chinatown, Chinatown, Manhattan
- Woodhaven Business Improvement District, Woodhaven, Queens
Additionally, the following 5 citywide CBDOs were awarded a combined $295,000 to provide technical assistance to SBS’ nonprofit partners:
- Coro New York Leadership Center
- BRIC Media Arts
- Support Center for Nonprofit Management
- Lawyers Center Alliance for New York
Neighborhood 360° grants enable CBDOs to develop and launch comprehensive commercial revitalization programs that address community-identified needs that are documented in Commercial District Needs Assessments.
Planned programs include merchant organizing, business support and retention, cleaning and beautification, district marketing, placemaking, public space activation, and other quality of life enhancements.
The following 5 organizations will receive new Neighborhood 360° grants to support commercial corridors and neighborhood businesses over the next 3 years:
- CaribBEING, Flatbush, Brooklyn
- Little Haiti BK, Flatbush, Brooklyn
- Riseboro Community Partnership, Bushwick, Brooklyn
- Women’s Housing and Economic Development Corporation, Crotona Park East & Longwood, Bronx
- Youth Ministries for Peace and Justice, Crotona Park East & Longwood, Bronx
The following 8 CBDOs will receive a second and third year of funding via Neighborhood 360° grants to continue supporting commercial corridors and neighborhood businesses:
- Alliance for Coney Island, Coney Island, Brooklyn
- Brownsville Community Justice Center/Center for Court Innovation, Brownsville, Brooklyn
- Council of Peoples Organization, Flatbush-Ditmas Park, Brooklyn
- Flatbush Development Corporation, Flatbush-Ditmas Park, Brooklyn
- Mosholu Preservation Corporation, Bedford Park & Norwood, Bronx
- Pitkin Avenue Business Improvement District, Brownsville, Brooklyn
- Queens Economic Development Corporation, Corona, Queens
- Rockaway East Merchants Association, Downtown Far Rockaway, Queens
Avenue NYC SBS’ Avenue NYC program is a competitive grant program that funds and builds the capacity of CBDOs, including business improvement districts (BIDs), local development corporations, merchants associations and other locally serving nonprofits operating in low- to moderate-income neighborhoods, to execute commercial revitalization projects.
Avenue NYC is funded through the U.S. Department of Housing and Urban Development’s Community Development Block Grant (CDBG) Program.
More information on Avenue NYC can be found at nyc.gov/avenuenyc.
Neighborhood 360° SBS’ Neighborhood 360° program identifies, develops, and launches commercial revitalization projects in partnership with local stakeholders.
Through proactive planning and targeted investments, Neighborhood 360° supports projects that strengthen and revitalize the streets, small businesses, and community-based organizations that anchor New York City neighborhoods.
For more information on Neighborhood 360°, please visit nyc.gov/neighborhood360
The NYC Department of Small Business Services (SBS)
The NYC Department of Small Business Services (SBS) SBS helps unlock economic potential and create economic security for all New Yorkers by connecting New Yorkers to good jobs, creating stronger businesses, and building vibrant neighborhoods across the five boroughs.