The Citi Foundation today named 30 Community Development Financial Institutions (CDFIs) that will collectively receive $15 million to support their efforts to provide small businesses with the vital resources needed to sustain their operations and support economically vulnerable households impacted by COVID-19. The CDFIs, which will each receive $500,000 in unrestricted funding, were selected through […]

Unless and until you need one, most people probably don’t think too much about prosthetic devices—either their manufacture, application, or additional services. But it’s something that interests Michael Degnan very much—especially providing more inclusive products, something that is not common in the field. Learn More …

PathStone Enterprise Center Inc (PECI) in conjunction with the Rural Local Initiatives Support Corporation (Rural LISC), distributed a total of $375,000 in grants to 62 small and medium business owners to help mitigate the negative economic impact caused by the emergency of COVID-19. Learn More …

The fallout from COVID-19 has created an increased demand for our small business services throughout Buffalo & Rochester. Thanks to a $250,000 grant from Bank of America, we’re able to continue providing crucial help to underserved populations in Upstate NY & promote economic growth.

Five Star Bank recently donated $20,000 to PathStone Enterprise Center to assist in their efforts to develop credit repair specialists, technical assistance providers and mentors to work with Rochester and Buffalo minority-owned small businesses and entrepreneurs. In addition, the grants will support coordinated online classes for business owners that include basic business training, credit repair […]

As the federal government delivers hundreds of billions of dollars in emergency funding to try to save pandemic-ravaged businesses, the fear is growing that small and minority-owned businesses could find themselves overlooked. Read more …

On April 26, Democratic congressional leaders sent a letter to Treasury Secretary Steven Mnuchin and Small Business Administration Administrator Jovita Carranza seeking to set aside at least $10 billion in Paycheck Protection Program (PPP) funds to be accessed by community development financial institutions. One week earlier, a coalition of civil rights groups led by the […]

PathStone Enterprise Center, Inc. (PECI) is the small business lending and technical support arm of PathStone Corporation, a multi-state community development corporation. (PECI is also one of the sponsors of UpstartNY.) PathStone Corp. provides human, social, and development services for low-income individuals and communities. Read more …