MWBE COVID-19 Resources

New York State continues to provide beneficial and meaningful resources as well as tools for your business, particularly for minority and women-owned business enterprises (MWBEs) in response to COVID-19.  The Division of Minority and Women’s Business Development is providing a list of COVID-19 business specific resources available to support MWBEs, such as the New York Forward Loan Fund, Access to Capital, free technical assistance, and more. In addition to COVID-19 related topics, the Division of Minority and Women’s Business Development highlights other business resources and assistance programs to support the MWBE community. See below for details, websites, presentations and recording details:

MWBE COVID-19 Resources

New York State is working to support small businesses throughout the COVID-19 crisis, by providing up-to-date resources and information about economic recovery and COVID-19-related loans, funding and business counseling

Click here for more information
 

COVID-19 Related Webinars

COVID-19 Resources and More!: Presentation Recording
Small Business Resources from the Small Business Administration (SBA): Recording
Business Resources During & Post a Pandemic World: Presentation | Recording
 

New York Forward Loan Fund

The New York Forward Loan Fund is a new economic recovery loan program aimed at supporting New York State small businesses, including MWBEs, nonprofits and small landlords that have been excluded by other relief and recovery efforts, as they reopen after the COVID-19 outbreak and NYS on PAUSE. 

The NYFLF targets the state’s small businesses with 20 or fewer full-time equivalent (FTE) employees (90% of all businesses), nonprofits and small landlords that have seen a loss of rental income.  The NYFLF is specifically timed to support businesses and organizations as they proceed to reopen and have upfront expenses to comply with guidelines (e.g., inventory, marketing, refitting for new social distancing guidelines) under the New York Forward Plan. 

Click here for more information on how to apply
 

Lending Programs and Financial Resources for MWBE Businesses

New York State offers a variety of small business resources to help you succeed in business. Whether your business needs a microloan of less than $25,000 or a loan of $500,000+, our directory of NYS alternative lenders can guide you to meet your financing needs.

Click here for more information on how to apply
 

Bridge to Success Loan Program
 

Click here for more information on how to apply
 

New York State Surety Bond Assistance Program
 

Click here for more information on how to apply
 

U.S. Small Business Administration (SBA) Coronavirus Relief Options

The Small Business Administration offers funding options to small businesses that are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak and seeking relief.

*The following programs are offered through the Small Business Administration. Visit the SBA website for updated information.

Click here for more information on how to apply
 

Economic Injury Disaster Loan (EIDL)

This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.

Click here for more information on how to apply
 

Paycheck Protection Program (PPP)

This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program.

Click here for more information on how to apply
 

SBA Express Bridge Loans

Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.

Click here for more information on how to apply
 

SBA Debt Relief

The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.

Click here for more information on how to apply

MWBE Training Webinars

These MWBE webinars focus on helping businesses learn how to build their capacity and provide information on upcoming contracting opportunities, best practices in marketing their business to NYS Agencies and Authorities, and trainings that highlight available resources that assist in positioning businesses to compete successfully.

Click here for more information

Getting Savvy with Social Media: Presentation | Recording
Elevate your Elevator Pitch: Presentation | Recording
What You Need to Know about 3rd Track LIRR Project: Presentation | Recording
Belmont Park Arena Development: Presentation | Recording

Additional MWBE Business Resources

Get Certified

Being New York State certified has benefits with contracting opportunities with New York State Agencies and Authorities. The New York State Contract System (“NYSCS”) enables users to apply for NYS MWBE certification.

Click here for more information on how to apply
 

Mentor Protégé Program (MPP)

The Mentor Protégé Program aims to expand the capacity, technical knowledge, and participation of MWBEs in state contracting opportunities. The MPP is a program that seeks to position MWBEs to participate on State contracts that may not have the capacity or requisite expertise. The objective is to enhance a Protégé’s ability to obtain technical knowledge in performing the scope of work under the MPP Agreement, and to develop business relationships with participating Mentors and State Agencies and Authorities. In so doing, the Protégé may realize more state contracting opportunities based on their increased capacity to perform the work.  

Click here for more information on how to apply
 

Business Growth Accelerator (BGA)

BGA 2.0 provides intensive technical assistance and business development training for NYS MWBEs to accelerate their business growth over an 18-month period.

Regional Incubators selected by the Division of Minority and Women’s Business Development will provide business development assistance to MWBEs in the form of workshops, classes, and group sessions, including customized programs designed to strategically increase growth for selected firms.

Click here for more information on how to apply