Minority and women owned business enterprises in New York state are eligible for a number of special programs and training run by Empire State Development Corporation. Among them is the new MWBE Business Growth Accelerator Program, which helps established MWBEs grow their businesses by providing business training and technical support. The program was established by Gov. Mario Cuomo in 2017.
About the Program
The Business Growth Accelerator Program was established by the ESDC to help minority and women owned business enterprises overcome barriers to participation in state contracts. Recognizing that MWBEs face unique challenges, the state established the program in partnership with three BGA regional centers in the state: Central New York, the Mid-Hudson and New York City regions.
Eligible MWBEs can receive training and assistance at regional centers in the form classes, workshops, and group sessions. The training focuses on all aspects of business development, including sales and marketing, finance and accounting, and contracting. Participants also receive one-on-one counseling and support as they develop customized strategic plans to target specific areas of growth.
Each ESDC regional center selects 20 to 25 applicants to participate in the program, which continues for a total of two years — an 18-month training period followed by six-months of follow-up..
To participate in the NYS Business Growth Accelerator program you must first be a certified MWBE in New York. Additionally, your business must be located in a BGA regional center area and meet the following criteria:
- You have been in business for two years or more
- You have at least two employees
- You have demonstrated annual revenues of between $100,000 and $3 million
How to Apply
If you are interested in applying for the Business Growth Accelerator program, submit an application to one of the BGA regional center locations listed below.
Central NY Region
Syracuse University South Side Innovation Center (SSIC)
2610 South Salina Street, Syracuse, NY 13205
Telephone: (315) 443-8466
Women’s Enterprise Development Center (WEDC)
901 N. Broadway, Suite 23
White Plains, NY 10603
Telephone: (914) 948-6098
New York City Region
Business Outreach Center (BOC) Network
48 Wall Street, 5th Floor #10
New York, NY 10005
Telephone (718) 624-9115 Ext. 1039
For additional information about the program or help with the application process, call the MWBE hotline at (212) 803-2414 or email MWBEBusinessDev@esd.ny.gov.
About The Carmoon Group
At the Carmoon Group, Ltd. we partner with businesses across the country to create risk management solutions that fit their needs. Our extensive knowledge and expertise combine with over 20 years of experience,, leaving us uniquely qualified to help your business grow and thrive. Give us a call today to set up an appointment to meet with one of our advisers. Or if you prefer, reach out online and we’ll get back to you at a convenient time.