November 14, 2023

Dear Friends,

The end of the year has seen exciting opportunities as well as changes at Accompany Capital and we want to thank you for your ongoing support and partnership. At our annual board meeting in late September, we met to celebrate and reflect on the achievements and major events of the past year, and to set goals for 2024.

The challenges for our clients are many and, accordingly, we reaffirmed that our commitment to our clients includes developing new programs to address those evolving challenges and needs.

To contribute to that commitment we are announcing the creation of the Leonid Ostrovsky Lending Internship in memory of our late Chief Lending Officer to honor his passion for supporting immigrant and refugee businesses. Please reach out to me if you're interested in supporting this important initiative or if you know a good candidate.

We are also very pleased to announce that we have been funded for an IDA Program by the Office of Refugee Resettlement with a grant of $350k for the next 4 years. This will enable us to provide match grants of $6,000 to families and $3,000 to individuals for up to 80 refugee families and 144 individuals.

And finally, attached below please find a link to our Annual Report for FY 2022 as well as news about an exciting startup competition in partnership with The Tech Incubator at Queens College; the results of our successful PitchTank for NYC women entrepreneurs; notes on an inspiring summit I attended in Izmir, Turkey, on refugee entrepreneurship; and of course, our annual crowd favorite – the Momo Crawl!

Warm regards,

Yanki Tshering

Executive Director

Our 2022 Annual Report

While 2022 was a busy year for us with new initiatives, re-activated events, new

webinars, and the development of new loan products to better serve our clients, we

also made time to reflect on lessons learned about both economic resilience and

vulnerability from the pandemic, lockdowns, and recovery. We therefore made a commitment to provide businesses not only with capital products but also the financial products, training, and advice they need to build resiliency and think more strategically about future prosperity

Click to learn more

TechImpact Startup Competition

Is your NYC-based startup or business ready to scale? Whether you’re tech-driven with a focus on community solutions or a B2B venture aiming for market leadership, here’s your chance to accelerate with a $25,000 boost. We’re seeking visionary founders across sectors, committed to innovation and impact. Join the TechImpact Startup Competition, co-sponsored by Accompany Capital and The Tech Incubator at Queens College (or share with founders you know!) Application deadline is November 30th

Click to learn more

The 2023 Momo Crawl

September's 11th annual #Momocrawl in Jackson Heights was a great day in spite of the soggy weather with over 3000 momo lovers tasting, voting, and enjoying the first ever Momo Eating Contest! Congratulations to this year's winner Om Wok, which is at 89-17 Northern Blvd, and thanks to everyone who made it such a great event once again!

Click to see our photos

Our PitchTank Winners

As part of our strong commitment to supporting women small business owners, this fall we partnered with New York Women in Business to jointly launch the 2023 Business PitchTank Competition. On October 12th, over 150 people joined us and our 12 finalists for the 2023 PitchTank Business Competition final round 3-minute video pitch and the exciting Awards Ceremony.

Click to read more

CFE's Global Refugee Entrepreneurship Summit

On October 16th, over 100 global representatives from government, non-profit, academic, and private sectors gathered for #REN2023, the 6th annual global Refugee Entrepreneurship Summit. First launched in 2018 by the Centre for Entrepreneurship, the Refugee Entrepreneurship Summit allows global practitioners to come together to continue the ongoing conversations about how best to inspire global support for fostering entrepreneurship as a sustainable livelihood for the 110 million displaced people worldwide. This year’s gathering took place in the beautiful city of Imzir, Turkey, hosted by the Izmir Metropolitan Municipality.

Click to read more

Our Newest Team Member

We recently welcomed our newest team member, Jill Price, Director of Finance and Administration, who is responsible for assuring Accompany Capital’s smooth and efficient daily and strategic financial and administrative operations, preparing and analyzing financial reports and compliance for government and private grants, and enforcing internal controls to protect Accompany Capital’s assets. Before joining Accompany Capital, Jill served as the Director of Finance and Operations for the Mayor’s Fund to Advance New York City where she oversaw all aspects related to finances, operations, and human resources.

Our offices are 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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