Stony Brook Small Business Development Center receives Bank of America grant to train Hispanic business owners
The Suffolk County Hispanic Business Strategies program provides training for minority and / or women owned business (MWBE) certification
– Governor Hochul
SUFFOLK COUNTY, NEW YORK, United States, December 14, 2021 /EINPresswire.com/ – Stony stream Small Business Development Center Receives a grant from Bank of America Training and Resources for Hispanic Business Owners
The Suffolk County Hispanic Business Strategies Program provides training for minority and / or women-owned businesses (MWBE) certification and subcontracting
Today, the Stony Brook Small Business Development Center (SBDC) announced that it has received a grant from the Bank of America for Hispanic Business Strategies, a program that supports the economic mobility and sustainable growth of local Hispanic and Latin American businesses. . Through education and application assistance, participating companies will gain certification as a Minority and / or Women-owned Business (MWBE) and guidance on how to take advantage of the many benefits, including access to local, state and federal contacts.
Small and medium-sized enterprises play an essential role in the development of our economies. Therefore, providing tools and support is essential for Long Island’s development and sustainability. The Hispanic / Latino community comprises 20% of Suffolk County residence; however, corporate ownership is disproportionately low. The Hispanic Business Strategies program aims to contribute to the success of existing businesses and stimulate entrepreneurial activity.
The program will be in Spanish, the mother tongue of the target audience, and will include three accompanying phases. It begins by highlighting the opportunities and benefits of being a certified minority and / or women owned business, followed by practical and individual assistance in applying for certification. The program concludes with training on contract research and bidding on best practices for securing prime contractor or government contracts. The first session begins on January 11, 2022.
“At Bank of America, we are committed to helping advance racial equality and economic opportunity, with a particular focus on creating opportunities for people and communities of color,” said Marc Perez, president of Bank of America Long Island. “Long Island’s Hispanic-Latino population continues to grow, playing an important role in the development of our communities and the local economy. Our partnership with the Stony Brook Small Business Development Center aims to empower Hispanic business owners to grow and prosper.
“New York is a national leader when it comes to working with MWBEs to help ensure that talented business leaders from across our state can bring their unique and valuable perspectives to our projects,” said Governor Hochul in a press release dated September 27, 2021. “Our diversity is our strength, and by using the unique skills of women and people of color in what we do, we make our economy more inclusive and more robust. I am more determined than ever to level the playing field so that women- and minority-owned businesses have greater access to government contracts.
SBDC’s strategic partners for this program include Hispanic and minority civic and economic development organizations, chambers of commerce, consulates, and libraries in underserved communities, as well as specific strategic partners within the community of L ‘Stony Brook University such as the MWBE procurement office and the Manufacturing Technology Resource Consortium (MTRC).
The SBDC has a long history of providing business development resources to underserved communities through small business administration programs such as 8 (a), HubZone, and MWBE certifications. SBDC resources help underprivileged businesses access federal contract funds, facilitate operations for those working in historically underutilized business zones (HubZones), and level the playing field for under-represented business owners , economically disadvantaged and women.
Please visit our website for more information and to register for the January 11 Virtual Program launch:
Stony Brook Small Business Development Center En español website
Registration link for the launch of the WMBE certification Bootcamp program
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