Federal Development Fund Awards Launch NY for 2nd Year in a Row to Support Low & Moderate Income Neighborhood Business Revitalization

Launch NY’s latest award from U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Fund Supports New Investments, Including Local Restaurant & Production Facility Ru’s Pierogi

October 4, 2018

Buffalo, N.Y., October 4, 2018 – In just two years of earning eligibility, Launch New York (Launch NY), Upstate New York’s first and only venture development organization to help provide pro bono mentoring and capital access to high-growth potential startup businesses across the 27 westernmost counties of the state, has announced it is the recipient of another grant, this one totaling $168,000 from the U.S. Department of the Treasury’s Community Development Financial Institution (CDFI) Fund, a federal program aimed at increasing lending and investment activity in low-income and economically distressed areas across the nation. This is the second year in a row Launch NY has received support from the CDFI Fund, which recently announced a total of $202.2 million in awards to 302 recipients.

 

Federal Development Fund Awards Launch NY for 2nd Year in a Row to Support Low & Moderate Income Neighborhood Business Revitalization

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