Small businesses are an essential part of our local economy. They not only create jobs opportunities, but build community prosperity and neighborhood vibrancy. That's why serving small and micro businesses has been a cornerstone of Cooperative Federal's mission for more than 40 years.
We're proud to announce the winners of our 2024 Small Business Recovery Grant (SBRG) Program. Eleven great member businesses received awards, ranging from $2,500 to $10,000, thanks to funding from the Federal Home Loan Bank of NY. Congrats to this year’s awardees!
A total of $50,000 was granted to the following awardees, providing critical assistance with business start-up, expansion, and stabilization amid challenging economic conditions.
We're committed to concentrating grant resources in communities with the greatest need, and serving business owners that are currently and historically marginalized by mainstream lenders. In 2024, 90% of SBRG funds went to businesses owned and controlled by people of color, and 90% went to businesses owned and controlled by women.
Once you have these files, the application should take less than 30 minutes to complete. Keep an eye out for our next call for applications or reach out to our Small Business Team if you have questions!
*Grant guidelines are determined annually by the Federal Home Loan Bank of NY. Funding is limited and additional selection criteria may apply. Eligibility is determined and winners are selected at the discretion of Cooperative Federal.
We're so pleased to celebrate the winners of our 2023 Small Business Recovery Grant!
210 Teas LLC
Afica LLC
All Money Spends
Goode Looks
Growing Stars
Hashmi LLC DBA Mom's Diner
Healing House Syracuse
Miss Prissy's LLC
Pretty & Pink Party Planning LLC
Super Suds Cleaning Services LLC
Venus Salon and Spa LLC
Bread and Roses Collective House Inc
OG's Against Violence Inc
The Cora Foundation