(BPRW) NEW YORK URBAN LEAGUE RECEIVES SUPPORT FROM VALOR EQUITY PARTNERS TO STRENGTHEN NEW YORK’S BLACK ENTREPRENEURS THROUGH THE SMALL BUSINESS SOLUTIONS CENTER
(PR black thread) New York, NY – The New York Urban League (NYUL) today announced a $ 250,000 grant from Valor Equity Partners for its Small Business Solutions Center to address the critical needs of black-owned small businesses that have been negatively affected by COVID -19. Valor Equity Partners joins Paypal to support this essential work. The NYUL Small Solutions Center will serve businesses located geographically in the five boroughs that meet the definition of the Small Business Administration. NYUL will also partner with Bedford-Stuyvesant Restoration and Harlem Community Development Corporation in this effort to create a collective of service providers who have a legacy of success in the following industries: marketing, finance, technology, human resources and Business Management.
This center will provide advanced and personalized expert services to 25 black-owned small businesses in New York City. Members of this elite inaugural cohort to partner with industry professionals to address access to capital, expand the market for your goods or services, explore partnerships, develop effective accounting practices, develop security measures for personnel and their physical facilities. Each selected company will receive a one-time assessment with a senior consultant, who will work to produce a knowledgeable course of action prescribed by an advisory board of business executives, successful entrepreneurs and other industry leaders.
Antonio Gracias, Founder, CEO and CIO of Valor Equity Partners said, “We are honored to support the New York Urban League (NYUL) as it continues to help and empower underprivileged communities in New York City. . Our contribution joins with other supporters to assist NYUL in its critical efforts to make financial resources and expertise available to Black and Latinx-owned businesses in these communities. By working together and partnering with other community organizations, NYUL continues to accelerate New York’s recovery from the many challenges created by the pandemic and ensuing economic crisis. We are proud to be a part of this effort.
“COVID has exposed some of the harsh realities of small businesses working with back operations and fragile cash reserves. Too many companies have not been able to tell if the initial COVID storm followed by staff shortages and CDC regulations that have emerged as New Yorkers return to work. Accordingly, we are delighted to partner with Valor Equity Partners and provide our selected companies with access to the vast network of resources available to our organization in the corporate sector, government and community. By creating collective media campaigns, directories and mini trade shows, we look forward to connecting our small business owners with the customers, the capital and the resources they need to survive and thrive, ”Arva Rice, President and CEO of the New York Urban League.
NYUL created the Small Business Solutions Center in response to small businesses’ need for a consistent and reliable source of support. Black and Latinx-owned businesses continue to struggle to access federal aid efforts. As a result, restaurants and other small businesses have had to fund social distancing standards and requirements while building websites and other communication tools to meet or increase demand for their services. NYUL’s Small Business Solutions Center will provide real-time support and resources to help businesses get back on track and re-enter the market with enhanced and enhanced capabilities to meet customer demand.
Founded in 1919 to provide opportunities for Blacks migrating from the rural south to New York City, NYUL has been helping workers and families access jobs, schools, and hospitals for over 100 years. NYUL opened the ranks of many industries to black workers and helped thousands of African American college students to become first-generation students. At the heart of NYUL’s work is the fundamental belief that inequality is unacceptable. To this end, the organization is focusing its efforts on education programs with an emphasis on access to STEAM and colleges, employment, and advocacy. A flagship subsidiary of the National Urban League, NYUL is one of New York’s oldest civil rights organizations.
About Valor Equity Partners
Valor Equity Partners is an operational growth investment firm focused on high growth companies at various stages of development. For decades, he has provided his businesses with the expertise to meet the challenges of growth and scale. Valor Equity Partners partners with companies and entrepreneurs who are committed to the highest standards of excellence and who have the courage to transform their industries.
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