Greater Jamaica Development Corporation
Greater Corporation proposed a two-step plan to fill a service gap for small businesses, especially minority entrepreneurs in underserved neighborhoods. Accordingly, they Jamaica Development
created an account to pull the business credit report of all loan applicants to their CDFI. They helped build business credit history by reporting on it for compliant loan recipients. Despite the daunting challenges of COVID, their Business Services Group successfully implemented this program.
Hot Bread Kitchen
The Hot Bread Kitchen’sSmall Business Incubator o ff ers small food businesses access to a ff ordable, licensed commercial kitchen space, industry- specific technical assistance, and the business development resources they need to reach the next level of business success. The team at Hot Bread Kitchen turned its focus from immediate emergency relief to helping businesses adapt to changes in market demand. Early in the pandemic, they pivoted all programs to meet the immediate
needs of their community and committed to partnering with member businesses through recovery. Their guiding principle has been to continue to provide tailored support to businesses to regenerate lost sales opportunities, spur relationships with corporate and institutional buyers, and uplift MWBEs that face unique challenges in addition to those created by the pandemic. Despite radically altered market conditions and the pandemic’s enormous impact, the Hot BreadKitchen was able to achieve their goal of facilitating direct sales introductions and improving access to markets and networks for 273 entrepreneurs in their program.
24
Made with FlippingBook Annual report maker