RDRC Conference Provides Businesses With ‘Access To Capital’
By Miriam Rosenberg
The Rockaway Development and Revitalization Corporation (RDRC) held its first annual "Access to Capit al" business conference at the Beach Club on March 12. The aim of the conference was to provide business owners and prospective entrepreneurs with knowledge for financing for their businesses.
"One of the things that always confounds business people is where to go for financing, access to capital," said Curtis Archer, the Executive Director of RDRC.
The morning was dedicated to traditional lending for established businesses.
Members of the banking community from Greenpoint Bank, JP Morgan Chase Bank, Citibank, North Fork Bank and Fleet Bank explained the services their banks offer businesses.
The afternoon session centered on help from government agencies.
Representatives from the New York City Department of Small Business Services, the New York City Economic Development Corporation (NYCEDC), the U.S. Small Business Administra tion (SBA), York College’s Small Bus iness Development Center and the New York Business Development Cor p or ation talked about loan programs and assistance available to small business owners.
"The [SBA] is to assist people starting a business and to assist in its operation," said the SBA’s Nicole Christian.
Also attending were Assembly wo man Audrey Pheffer, Councilman Joseph P. Addabbo, Jr., State Senator Malcolm Smith and Councilman James Sanders, Jr.
Bess Debetham, former Chief of Staff for Juanita Watkins, praised RDRC during the question and answer session.
"You’ve given us a wealth of knowledge," said Debet ham.
Recommend ed websites are SBA.gov, newyorkbiz.com (NYCEDC), Myfi co.com and Fanniemae.com.