NYC Chamber of Commerce Unveils Grant Program for Women Entrepreneurs

The NYC Chamber of Commerce announced the launch of a new grant program aimed at supporting women entrepreneurs across the city. The program, named ‘EmpowerHER’, is designed to provide funding, mentorship, and resources to women-led startups and established businesses in New York City.

During a press conference held at the Chamber’s headquarters in Manhattan, Chamber President Maria Gonzalez emphasized the importance of fostering diversity in the business community. “Women entrepreneurs are a vital part of our economy, and it’s crucial that we provide them with the support they need to thrive,” Gonzalez stated. “With EmpowerHER, we aim to break down barriers and help women turn their innovative ideas into successful enterprises.”

The program will offer grants ranging from $5,000 to $25,000, depending on the size and stage of the business. Eligible applicants must be women-owned businesses located in NYC and can apply for funding to cover various expenses, including operational costs, marketing, and technology upgrades.

In addition to financial support, EmpowerHER will connect grant recipients with a network of mentors, industry experts, and fellow entrepreneurs. “This is not just about giving money; it’s about building a community,” said Lisa Chen, a local entrepreneur and member of the Chamber’s advisory board. “Women supporting women is key to success, and this program is a step in the right direction.”

The NYC Chamber of Commerce has partnered with local organizations, including the Women’s Business Enterprise National Council (WBENC) and the Small Business Administration (SBA), to ensure that the program reaches a diverse array of applicants. “We believe that when women lead, communities thrive,” said Sarah Walker, an SBA representative. “EmpowerHER is a fantastic opportunity for women to access the resources they need to grow their businesses.”

Applications for the EmpowerHER grant program will open on March 1, 2024, and the Chamber expects a high volume of interest. Interested applicants are encouraged to attend an informational webinar on February 15, 2024, where they can learn more about the program and the application process. Gonzalez concluded, “We are excited to see the innovative ideas that will emerge from this initiative and the positive impact they will have on our city.”