New york city department of small business services - FY23 congressional community project funding

The New York City Department of Small Business Services received a $1,250,000 Project Grant award from the U.S. Small Business Administration (SBA) on February 1, 2024 under the Congressional Grants program (CFDA 59.059). The funding will support the department's initiatives to foster small business development and entrepreneurship in New York City, including programmatic activities and construction projects. Key efforts to be supported by the grant include operating an APEX Accelerator and Mass Timber Accelerator to provide technical assistance and advance new technologies for businesses, funding neighborhood development projects and small business programs, developing regional climate action plans, and awarding sub-grants for workforce development activities. Through this federal grant, the Department of Small Business Services aims to drive economic opportunity and community revitalization across New York City's five boroughs.