Our latest news & announcements

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.

Each and every day, the team at Renaissance is trying to do everything humanly possible to help save New York’s devastated small businesses.

Renaissance has created an Emergency Small Business Relief Loan Fund to help businesses struggling to survive during the COVID-19 crisis.

To assist businesses on the verge of collapse due to the coronavirus outbreak, Renaissance is creating an Emergency Small Business Relief Loan Fund. The fund will provide restaurants, retail stores, service businesses and wholesalers in our communities with crucial low-interest loans to get through this difficult time.