July 17, 2017 / Buffalo, NY: Mary’s Little Lambs, a child care center and preschool in Buffalo, celebrated its grand opening by hosting an official ribbon cutting with Mayor Byron W. Brown and representatives from local lending organizations New York Business Development Corporation (NYBDC) and Excelsior Growth Fund. The ceremony was held, July 14th at 10 a.m. at the center’s new location at 377 Kensington Avenue, Buffalo NY 14214.
Mary’s Little Lambs, which is owned by [...]
EGF teamed up with 43North, the City of Buffalo, and ECIDA to bring "The Pitch," a new business plan competition for minority- and women-owned businesses in Erie County, NY. The entrepreneurs presented their business plans on October 20th and collectively took home $20,000 in prizes. Thank you to these business owners for their preparation and hard work and congratulations to each!
$10,000 WINNER: Karibu News
Rubens Mukunzi, owner
We applaud Rubens [...]
The Commitment to NYC is Part of the Firm’s $125 Million National Campaign
New York, October 19, 2016 – JPMorgan Chase & Co. (NYSE: JPM) announced today more than $3.5 million to support both a collaborative of New York City community development financial institutions (CDFIs) to give local small businesses more access to capital, as well as a separate initiative for CDFI credit unions focused on an innovation and product expansion that will improve their work and reach [...]
Nonprofit Lender Provides Affordable Capital to Small Businesses through a Simple and Fast Online Portal
(NEW YORK) Excelsior Growth Fund (EGF), a nonprofit Community Development Financial Institution formed by New York Business Development Corporation (NYBDC) to address underserved markets and to implement targeted programs that address the needs of low-income and otherwise underserved small business owners, has created an online lending platform for small business owners.
ALBANY, N.Y.-Steve Cohen has been named president of the Excelsior Growth Fund, a not-for-profit Community Development Financial Institution (CDFI) formed by the New York Business Development Corporation (NYBDC) for the purpose of executing creative and flexible lending strategies to support small businesses in New York State.
Cohen is currently the executive vice president and deputy commissioner at Empire State Development, where he heads the Department of Small Business Services and [...]