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