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Reps. Crowley, Israel, Maloney and Meng Announce SBA Funding for Queens Economic Development Corporation

Press Release

Location: Queens, NY

Today, Reps. Joe Crowley, Steve Israel, Carolyn Maloney and Grace Meng announced that the Queens Economic Development Corporation (QEDC) is being awarded nearly $200,000 as part of the more than $6 million New York State received from the Small Business Administration (SBA). This federal funding will support local economic recovery efforts and was made possible by the emergency federal Superstorm Sandy funding package. With these SBA resources, QEDC will be able to keep experts on the ground who can help local small businesses bounce back stronger than before the storm hit.

Rep. Joe Crowley (NY-14) said, "The recovery of Queens in the aftermath of Hurricane Sandy continues. I am so pleased the SBA is working hand-in-hand with the Queens Economic Development Corporation to ensure our local small businesses not only get back on their feet, but bounce back stronger than ever."

Rep. Steve Israel (NY-03) said, "Months after Hurricane Sandy, many of our small businesses are still trying to pick up the pieces. I am glad the SBA has recognizes the critical work being done by the Queens EDC to support existing small businesses and help new ones get off the ground. It's critical to our local and regional economy."

Rep. Carolyn Maloney (NY-12) said, "I am thrilled that the SBA is using its portion of the federal Sandy funds to work with a wonderful organization like the Queens Economic Development Corporation (EDC). With this money, the Queens EDC will continue its long history of support for local businesses, with targeted efforts aimed at providing disaster relief to women-owned and smaller businesses, business counseling, training and more."

Rep. Grace Meng (NY-06), a member of the House Small Business Committee, said, "Small businesses are what drive the economy in Queens, New York City and the entire nation. We must do whatever we can to ensure that they have all tools they need to succeed, and these critical funds will go a long way towards helping those impacted by Sandy get back on their feet."

QEDC Executive Director Seth Bornstein said, "Queens was hit so hard by Sandy, and we lost so many businesses and jobs, especially in the Rockaways. That's why we are so grateful to SBA and Reps. Crowley, Israel, Maloney and Meng for providing these much needed funds. As this is a two-year grant, we have ample time to offer our extremely effective counseling and training programs to business owners who lost patrons and/or whose stores were damaged due to the superstorm. We especially look forward to working in the Rockaways, as we see the potential to have a really positive impact there."

With its portion of federal Sandy recovery funding, the SBA has helped provide small businesses with counseling and training programs in Sandy-impacted regions. This includes aid for both established businesses and start-ups that were impacted by Sandy in a range of ways, including market instability, physical damage and other economic factors. A cornerstone of SBA's approach is engaging a range of local partners so small businesses get the help they need with local expertise in mind.

New York State received more than $6 million for programs across the state under this SBA announcement. The State University of New York Small Business Development Center (SBDC) will lead the New York State Sandy Group, which includes the Queens Economic Development Corporation's Women's Business Center. QEDC's portion of the award is estimated at nearly $200,000 and will support business counseling, intensive training and workshops across the state. More specifically, QEDC will offer disaster relief assistance to women-owned and disadvantaged small businesses in Queens, perform outreach in underserved boroughs, and conduct home improvement contractor training workshops.

Since it was established in 1977, QEDC has helped thousands of entrepreneurs in preparing business plans and filing for business registrations, permits, licenses and loan packaging. QEDC has also helped scores of neighborhoods revitalize their commercial districts by creating business organizations and establishing business improvement districts. Queens includes more than 2 million people from every corner of the world in more than 90 distinct neighborhoods.

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