Minority- and Women-Owned Business (MWBE) Development & Lending Program

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Objective

Program Purpose
To provide financial assistance to minority- and women-owned business enterprises (MWBE) in the state, as well as to projects and programs that assist the development of entrepreneurship among minority persons and women in New York State.

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Overview

Program Highlights 
The program provides financial assistance through:

  • Lending in conjunction with local, community and regionally-based entities
  • Lending for certified government contractors and eligible government contractors
  • Direct financial assistance
  • Incubator assistance
  • Technical assistance
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Eligibility

Eligible recipients include:

  • Certified minority and or women-owned business enterprises
  • Banking organizations
  • Technical assistance providers
  • Incubator sponsors
  • Municipalities
  • Authorities
  • Agencies
  • Administering corporations

Ineligible recipients include:

  • Educational institutions
  • Hospitals
  • Residential health care facilities

Eligible uses include:

  • Linked deposits, minority and women revolving loan trust fund
  • Contractor development assistance
  • Business development loans, franchise loans
  • Loan guarantees
  • Incubator assistance

Ineligible uses include:

  • Refinancing, retiring or liquidating existing debt or equity
  • Residential construction projects, except for government-sponsored projects
  • Payment of tax or employee benefit arrearages
  • Projects for newspapers, broadcasting, news media, medical facilities, libraries, community centers or public infrastructure
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How to Apply

Contact Information
Contact your local ESD Regional Office.

Additional Resources
Minority and Women Revolving Loan Trust Fund Program 
Revolving Loan Trust Fund Quick Sheet