Our latest news & announcements

Renaissance is proud to announce that we are the recipient of a U.S. Department of the Treasury Community Development Financial Institutions (CDFI) Fund grant awarded to support increased lending to small businesses.

On February 15, REDC Managing Director Jessie Lee had the pleasure of attending a Lunar New Year breakfast hosted by New York City Mayor Eric Adams, along with select other AAPI NYC non-profit leaders.

Renaissance Economic Development Corp. (REDC) has kicked off a new program to help small business owners improve online visibility, attract new customers and integrate digital tools into their daily business operations.

The U.S. Department of the Treasury has awarded $1.25 billion in COVID-19 relief funds to 863 Community Development Financial institutions (CDFIs) nationwide, including Renaissance Economic Development Corporation (REDC) and AAFE Community Development Fund. It’s an historic investment in CDFIs from the federal government and a long-sought acknowledgement of the crucial role community lenders play in supporting small businesses and immigrant communities.

New York – Wells Fargo has announced that six New York-based Community Development Financial Institutions (CDFIs), including Renaissance Economic Development Corporation (REDC), have received a combined $5 million from its Open for Business Fund to help local small businesses – as well as those in other states – impacted by the economic struggles caused by COVID-19.

In the early days of COVID-19, Renaissance created an Emergency Small Business Relief Loan Fund to help our devastated immigrant small businesses survive the worst economic disaster for New York City since 9/11.