Breaking: NYC Mayor Launches $80M Future Fund for Small Businesses
Mint (Business)
Mayor Zohran Mamdani launches an $80 million NYC Future Fund to provide affordable financing for small businesses, emphasizing support for marginalized groups.
Mayor Mamdani unveils $80M NYC Future Fund for small businesses.
Minimum loan reduced to $25,000; interest rate down to 7.5%.
Targeted outreach to marginalized communities included in the plan.
New eligibility criteria broaden access to financing for entrepreneurs.