NYBDC Hosts NYC Food Manufacturer's Growth Fund Consortium Event
The Food Manufacturer's Growth Fund has kicked-off to a great start with more than thirty businesses who've applied to the fund. On October 22nd, NYBDC and EWVIDCO hosted a meeting to provide updates and gain feedback from City-based service providers. Representatives from more than fifteen service providers were in attendance to discuss what's been learned since the launch of the fund.
NYBDC's David Hanold and OC Isaac discussed the requirements of the fund and the loan process, while Adam Cloud, Caitlin Dourmashkin and Leah Archibald of EWVDICO outlined their technical assistance program, and the training resources they've developed to help food businesses become loan-ready. The meeting proceeded into a round-table discussion where attendees discussed what they're seeing from industrial food businesses in their areas and how the fund can potentially assist these businesses with accessing capital.