New York City Economic Development Corporation (NYCEDC) President Maria Torres-Springer, in partnership with Brooklyn Borough President Eric L. Adams, the Brooklyn Chamber of Commerce, Interise and Santander Bank, N.A., today announced the launch of Manage Forward, an innovative program that will provide minority and women-owned business enterprises (M/WBE) in Brooklyn with the knowledge, skills and relationships to help them grow their businesses and create jobs.
Participants will emerge with successful, growth-oriented business strategies and over 100 hours of combined peer-to-peer mentoring, work assignments, and classroom training in areas vital to small business success, including financial management, marketing and sales, human resources tactics, business strategy development, and access to new capital and contracts.
“The strength of our economy relies upon the diversity of our entrepreneurs, and enhancing the City’s support for M/WBE firms allows us to grow our economy in an equitable way,” said NYCEDC President Maria Torres-Springer. “The de Blasio Administration is committed to better reaching business owners across the five boroughs and providing the training and professional development necessary to help them thrive.”
“This wonderful public-private collaboration will move One Brooklyn forward and provide our small business community with a valuable education – one that translates into real dollars and cents,” said Brooklyn Borough President Eric L. Adams. “I particularly appreciate the program’s commitment to building capacity for procurement success and for growing minority and women-owned business enterprises, as well as those located in lower-income neighborhoods. I am pleased to partner with the New York City Economic Development Corporation, Interise, and Santander Bank, N.A. to help bring Manage Forward and greater economic opportunities in our borough.”
“Manage Forward assists small businesses in taking the crucial steps that move them beyond their formative stage, and provides the technical assistance needed to advance their success,” said Carlo A. Scissura, President and CEO of the Brooklyn Chamber of Commerce. “The Brooklyn Chamber is committed to leveraging its resources in workforce and economic development to assist Manage Forward in connecting with our borough’s incredibly diverse small business community, which will then help our economy continue to grow and flourish.”
Manage Forward will use the nationally-recognized StreetWise ‘MBA’™ curriculum developed by Interise, a nonprofit organization committed to helping underserved small businesses grow and create jobs. Historically, businesses completing this program have created new jobs at five times the rate of the private sector as a whole, and since 2008, alumni have secured almost $3 billion in government and institutional contracts.
“Interise is very fortunate to be able to partner with the NYCEDC in bringing this curriculum to an expanding network of small businesses and partners in Brooklyn through the Manage Forward program,” said Interise CEO Jean Horstman. “Interise’s unique licensing model allows us to collaborate with like-minded organizations to reach even more small business owners who benefit from the curriculum, and from connecting with each other. Interise is excited by this partnership, which will help build resilient communities, create new jobs, and ensure there are thriving small businesses in the Borough of Brooklyn.”
“Fostering the development of small businesses is essential to the economic development of our local neighborhoods,” said Josephine Moran, Santander, N.A. region president for Metro New York and Northern New Jersey. “By partnering with NYCEDC, Interise, the Brooklyn Borough President’s Office, and the Brooklyn Chamber of Commerce, we can provide training and access to capital to help businesses poised for growth.”
The Manage Forward program is geared toward small to medium sized businesses located in Brooklyn that generate revenues between $250,000 and $5,000,000 annually, have been in business for at least three years, and have at least one employee besides the owner. Participants must also demonstrate a high level of commitment to the program. Manage Forward joins a suite of NYCEDC initiatives to support M/WBE firms, including Blueprint to Success, a training program specifically targeted to M/WBE construction firms that provides them with the skills and knowledge to obtain contracts and expand their businesses.
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