May 8, 2023
Dear Friends,

I’m excited to share some updates on Accompany Capital's recent activities and achievements.

At Accompany Capital we started our Small Business Week celebrations early with a celebratory Ethiopian coffee tasting and meal at Buunni Cafe, which was one of our honorees at our annual Immigrant Heritage Week awards. There were over 50 people at the tasting, many who were from the neighborhood, and who were delighted not only to enjoy a delicious meal and learn more about Ethiopian coffee but also connect with people in the neighborhood and new friends as well. That’s why we're so passionate about supporting small neighborhood businesses!
The following day, we flew to Detroit for the SBA's Microloan Program Training. Over the course of two days, we had the opportunity to join 150 colleagues from across the country to learn from the Chiefs of the Microloan and Community Advantage Programs and their team about how best we can leverage the low cost capital and the TA grant from the SBA to support our clients with the capital and advice that they need.
It was inspiring to hear about their efforts to provide low-cost capital and technical assistance grants to support small businesses. So we want to raise our coffee to not only our micro and small business clients but also to the dedicated professionals behind the scenes at the SBA, CDFI Fund, and other government organizations and private sector funders, who have provided us with the resources to help our clients thrive and survive the pandemic.

The $6.1 M award from the CDFI Fund will enable us to provide low-cost capital and develop new products and services that we have been wanting to offer based on lessons learned during the pandemic. We are beyond grateful for this opportunity and look forward to continuing our work in supporting small businesses and promoting economic growth in our communities.

Thank you for your ongoing support and partnership.

Warm regards,
Yanki Tshering
Executive Director
Afghan refugees in Albany
Our New IDA Program for Afghan Refugees

Our Individual Development Account Program for Afghan Evacuees has now officially launched with a first cohort of 12 recently arrived refugees. The recent crisis in Afghanistan has left many families and individuals in desperate need of support as they begin a new chapter in their lives in the United States. This new program has been made possible through a generous grant of $750,000 from the federal government’s Office of Refugee Resettlement to provide workshops and match grants for rental assistance, micro enterprise seed capital, and education to Afghan refugees who have recently arrived in the United States.

Celebrating #IHW 2023 Award Winners

The Accompany Capital Immigrant Heritage Week Awards is always exciting, and this year was no exception. Our outstanding awardees are a terrific example of the kind of creativity, dedication, and grit that goes into creating successful New York businesses. It's a chance to recognize and honor outstanding entrepreneurs who are creating the kind of businesses and services that strengthen New York City's economy and its vibrant culture and neighborhoods.

A CDFI Equitable Recovery Program Grant

We are pleased to announce that we have received a $6,118,187 grant from the US Department of the Treasury as part of the Community Development Financial Institutions (CDFI) Equitable Recovery Program (ERP). Accompany Capital was one of 603 CDFIs that received a total of $1.7 billion in grants for the purpose of providing ongoing support to small businesses in underserved communities that are still struggling due to continuing economic challenges in the post-COVID economy.
Borough Reports: a Year of Great Progress

Our Borough Reports are ready and show a year of great progress, in spite of ongoing challenges posed by recovery from the pandemic slowdown.
Brand Yourself for Success

Join us May 9th from 3-5 for this important free Webinar about how to create and elevate your personal brand. You'll learn to:
• Leverage your strengths and unique personality
• Write a personal brand positioning that resonates with your audience
• Present yourself with confidence and make a lasting impression
• Use video content to tell your personal story

Presented by SCORE NYC & NYWIB in collaboration with Women.NYC and Accompany Capital with funding from M&T Bank.
Support Small Businesses

This month is #NewYorkSmallBusinessMonth, a wonderful time to support the businesses that make our city special. And please do check out some exciting companies created by Accompany Capital's entrepreneurial clients in the Accompany Capital Marketplace!

Our offices are currently open by appointment only
---------Accompany Capital Manhattan
--------11 Broadway, Suite 1515
--------New York, NY 12071

--------By Subway:
--------A/C - Fulton Street
--------2/3 - Wall St/William St
---------4/5 - Bowling Green
---------1/R/W - Rector Street
---------J - Broad
--------Accompany Capital Queens

-------By Subway:
-------E/F/M/R - 74th St/Roosevelt Ave.
-------7 - 82nd St. Jackson Heights