BUFFALO, NEW YORK (June 13, 2021)
Mayor Byron W. Brown announced the creation of a new Minority-Owned Business Support Program which will be administered by The Beverly Grey Business Exchange Center (BGBEC). This is the third program he has introduced as part of the Buffalo Transformation Fund, which was created by the City to manage its direct allocation from President Biden’s American Rescue Plan.
This $3.5 million will fund several programs administered by the BGBEC, including:
- Grants to existing minority-owned businesses
- Technical assistance to new entrepreneurs
- Funding to support and attract new minority owned start-up companies
The goal is to work with individual companies and entrepreneurs to identify the support they need, whether it is technical or financial, and then use the Buffalo Transformation Fund’s flexible nature to address the need.