Renaissance Economic Development Corp

Renaissance Economic Development Corp, registered in SAM.gov since May 17, 2006, is a New York-based nonprofit organization and Community Development Corporation certified as a Community Development Financial Institution (CDFI). Operating from its location at 2 Allen Street in New York, the organization serves as an intermediary microlender dedicated to fostering economic empowerment and growth in underserved communities. Through federal grant awards, Renaissance Economic Development Corp delivers microloans, business training, technical assistance, and financial counseling services designed to increase access to credit and financial resources for entrepreneurs, small businesses, and low-income individuals, with particular focus on women, minorities, and other disadvantaged populations that typically lack access to traditional financing.

Renaissance Economic Development Corp has received substantial federal grant funding across two primary program streams from the U.S. Small Business Administration (SBA) and the Department of the Treasury's Community Development Financial Institutions Fund. Under the SBA's Microloan Program (CFDA 59.046), the organization has received multiple annual awards—including formula grants of $1.4 million (2021–2022), $1,037,740 (2023–2024), $721,001 (2024–2025), and $620,666 (2025–2026)—to issue microloans up to $50,000 and provide accompanying business training and technical assistance. Additionally, the organization received a $2.24 million Project Grant in 2022–2023 for microloan technical assistance delivery. From the Treasury Department's Community Development Financial Institutions Fund, Renaissance Economic Development Corp secured project grants supporting organizational capacity building and pandemic recovery: a $1,826,265 CDFI Rapid Response Program award (2021–2023), a project grant under the CDFI Program announced in December 2021 (completion date December 31, 2024), and another CDFI Program award announced in September 2024 (completion date December 31, 2027), along with a $2.24 million COVID-19 Economic Recovery Program grant awarded in April 2023 (completion date December 31, 2028). The organization has worked in partnership with Asian Americans for Equality as both a sub-awardee and collaborating partner in delivering these services to entrepreneurs and small businesses throughout New York City and underserved communities lacking adequate access to affordable financial products and services.