The Bronx Economic Development Corporation (BXEDC) is a 501(c)3 non-profit that leads economic development policy in The Bronx, with a specific focus on providing capital access to small businesses. BXEDC’s core mission is to strengthen and expand current Bronx-based businesses and to provide incentives to encourage businesses to establish or relocate to The Bronx. 

Founded over 40 years ago, The BXEDC has consistently worked to make The Bronx a better place to live and own a business t. There are many economic development initiatives the non-profit works on in order to do so — such as expanding access to capital.

Small businesses don’t just need funding – they need access to resources, such as loans. Our micro-loan and commercial development loan programs are low interest, inclusive ways of funding with small businesses specifically in mind. We partner with the Business Initiative Corporation of New York to expand access to small business loans even further; many of our clients have even benefited from both organizations.

We also work with all levels of government to advocate for funding and grants. Working closely with the Office of the Bronx Borough President, we have brought in millions in government funding.

This includes the Green Action Challenge, a competition in which Bronx institutions are invited to present their ideas to make their daily operations more environmentally friendly. The $1 million cash prize was funded by the New York Power Authority.

This also includes a $1 million grant from the Downtown Revitalization Initiative funded by New York State Governor Kathy Hochul’s office, which will be used for several projects in the Greater Morris Park area.

Finally, we have many marketing and promotion efforts that aim to increase awareness of the extraordinary Bronx institutions that make strengthen and unite our community. The Bronx Beat with the New York Yankees and YES Network, for example, is a segment that airs on the jumbotron during Yankees homestand games and focuses on small businesses and cultural institutions, like Lloyd’s Carrot Cake, The Bronx Children’s Museum, and other Bronx-based favorites! This initiative goes hand-in-hand with our partnership with The Bronx Tourism Council.

 The BXEDC also airs a weekly segment with 1010 WINS under the same name, The Bronx Beat.

 It is our mission to serve the borough’s economy through monetary methods — loans, grants, and more — and through creative marketing initiatives. To keep up with the BXEDC, follow us on Instagram @bx_edc and on LinkedIn. You can subscribe to our newsletter in the form below.