July 28, 2023

Dear Friends,

It's been an eventful two months with both exciting successes & opportunities as well changes at Accompany Capital and we want to thank you all for your ongoing support and partnership.

  • We took a major step forward in the ongoing struggle to get justice for NYC taxi drivers who have been crippled by medallion debt.
  • We were invited to City Hall to celebrate the NYC Opportunity Fund's $50M milestone with Mayor Adams, NYCSBS Commissioner Kevin D. Kim, and one of our clients (who received a giant check!)
  • We welcomed the Mayor's Office of Immigrant Affairs Commissioner Manuel Castro to our Queens office to update us on MOIA initiatives and ways to partner with MOIA to promote our services to immigrant-owned businesses.
  • We were able to reconnect in-person with friends and colleagues for the first time since 2019 at Opportunity Finance Network's Small Business Finance Forum in Chicago.

While devastated by the loss of our extraordinary colleague Leonid Ostrovsky, we are growing and adding terrific team members to both our Manhattan and Queens offices. Keep an eye on About Us on our website to meet new team members.

Please scroll down to read about this and other news, upcoming events, and our free August webinars. And please save the date - Sunday, September 24th - for the 11th annual Momo Crawl in Queens.

Warm regards,

Yanki Tshering

Executive Director

Reviving Hope for NYC Taxi Drivers

In 2022, thanks to the tireless advocacy and protests led by members of the NYTWA, under the leadership of Bhairavi Desai, and with the support of such elected officials as Senator Chuck Schumer, New York City has pledged to provide funds over a span of 30 years to a medallion debt restructuring plan. At Accompany Capital, we have pledged to restructure up to 21 medallion loans to a value of $125,000 or below. To date, we have successfully refinanced seven medallion loans, reducing amounts that range from $400,000 – $650,000 to a more manageable $95,000.

Click to learn more

OFN's Small Business Finance Forum

Last month we were excited to attend an important annual appointment--Opportunity Finance Network’s Small Business Finance Forum--which was being held in person for the first time since 2019. This year’s forum explored innovative solutions for CDFIs with regard to streamlining lending processes, scalability, and efficiency to better serve small business owners, including the challenge of making sure small business owners learn about CDFIs before they are trapped into accessing high interest or predatory loans.

Click to read more

Women’s Entrepreneurship Survey

We're pleased to announce that the results of our 2022 survey of women entrepreneurs in New York City is now out. New York City is unique in many ways, including the growth rate of women entrepreneurs, which has increased 64% from 2015 to 2020. Our findings offer perspective about how we can further advance opportunity for women entrepreneurs so that they, in turn, can contribute in even more significant ways to the economy and the culture of our great city.

Click to read

Pitch Tank

Are you a woman business owner who'd like to take her NYC-based business to the next level? You could win up to $30,000 by participating in Pitch Tank, a free business pitch competition sponsored by Accompany Capital & New York Women in Business. Deadline to enter is August 21 so click to learn more:

Click here

Free Webinars in August

We've got 6 terrific webinars planned for August. Click any of the titles to learn more or register:

Does one strategy fit all? How to repurpose content for FaceBook, Instagram, LinkedIn, and TikTok

Thursday, August 10 from 2-3 PM

How to Establish a Good Credit Score

Tuesday, August 15 from 2-3 PM

Leveraging LinkedIn to Grow Your Business

Wednesday, August 16 from 2-3 PM

Choosing the Right Legal Entity for Your Business

Thursday, August 17 from 2-3 PM

MWBE Certification

Tuesday, August 22 from 2-3 PM

How to Start and Establish a Successful Business

Thursday, August 31 from 2-3 PM

Remembering Leonid Ostrovsky

Leonid possessed an unparalleled passion for helping people and an extraordinary ability to inspire those around him. His infectious enthusiasm and unwavering dedication made a lasting impression on everyone fortunate enough to work with him.

Read more here

Save the Date for the Momo Crawl

As a founding sponsor, we're pleased to announce that the 11th Annual Momo Crawl will be held Sunday, September 24th, in Jackson Heights. More info coming soon!

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

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