Monday, March 16, 2015
Citi Backs Program to Create 5,000 Women Entrepreneurs from Low-Income Neighborhoods
That critical path from idea to success is where New York City is hoping to take 5,000 women from underserved communities in the next three years. Glen announced the new initiative, Women Entrepreneurs NYC, dubbed WE NYC, on Thursday. It will offer free training and business services—including loan negotiation workshops, connections to capital, pro-bono legal assistance, and navigating government resources—for aspiring entrepreneurs.
The program is a collaboration between the city’s Department of Small Business Services (SBS) and Citi, which is providing more than $425,000 for programs designed to help New York City Housing Authority residents interested in launching their own businesses. WE NYC is also partnering with Goldman Sachs's 10,000 Small Businesses program, which will educate aspiring entrepreneurs on accessing capital, and microlender Grameen America, which will provide further business-building services. LaGuardia Community College will offer intensive classes on entrepreneurship to prepare women for success in the marketplace....