The Revitalize Rochester Fund is searching for entrepreneurs to use for grants and loans to convey enterprise and co-working areas to underserved areas in Rochester.
The greater than $13 million fund is accessible for individuals searching for to construct companies and employee cooperatives in neighborhoods like Bull’s Head, the place Mayor Pretty Warren and Lt. Gov. Kathy Hochul spoke on Tuesday.
“People don’t want to leave their neighborhood to be able to go and get the supplies and the support that they need. They want to be able to stay here, and we want to bring those resources directly to you,” stated Warren. “And that’s our plan.”
The mayor stated this consists of grocery shops and different companies that meet the wants of the neighborhoods they’re in.
A part of the funding, $10 million, is from the Empire State Improvement Upstate Revitalization grant, whereas non-public lenders, together with the Larger Rochester Housing Partnership, Key Bank, and others, contributed $3.1 million.
“This year, 2020, has been a reckoning on so many fronts and to realize there’ve been historic injustices against communities of color and we’re here to right those wrongs,” stated Hochul.
Rochester Financial Improvement Corp. CEO Baye Muhammad stated the funding is a chance for anybody seeking to begin or develop their enterprise within the metropolis.
“It’s neighborhoods and businesses that will inform us on what to do. This is not a top-down program. This is a program that will be street-level,” stated Muhammad. “You’ll see us, we’ll be hitting the streets with flyers.”
Workshops will start as early as subsequent week, Muhammad stated. These enthusiastic about making use of for a grant can name 585-428-6579, in line with town.