In these challenging times, we wanted to shine a spotlight on Pace SBDC clients who are going above and beyond in their response to COVID-19, showing both generosity and innovation.
Harlem Baking Company (HBC), is a dessert brand that produces confections served in jars. With support from Pace SBDC business advisors Rawle Brown and Susan Gluck, HBC received help on business planning, access to financing, and market positioning as they expand into producing a line of dessert products.
Praise for Brooklyn Braised, a catering company founded in 2017 by Chef Christa Lynch. With guidance from Pace SBDC Business Advisor, Rawle Brown, Christa put together business plans and financial projections, and later obtained funding information that led the company to receive a $10,000 COVID-19 relief grant from Local Initiatives Support Corp.
Media for Professionals is a digital media and branding firm that needed assistance during the pandemic. The Pace SBDC helped the company shift focus to an alternate target market and secure funding options through grants and EIDL, aiding the payment of vendors and the business’s survival.
When COVID temporarily shut Bushwick Grind, Kymme met with Pace SBDC to discuss funding options as well as strategies for building local awareness and walk-in business. Further, student groups from Pace University's Lubin School of Business presented customer acquisition recommendations for Bushwick Grind.
Ripple Effect Artists is a non-profit theatre group whose motto is to make social impact through theatre and multimedia. With Pace SBDC's assistance they hired eight Pace students as interns, who have provided marketing support, including an Instagram Live project and various donor outreach initiatives.
Pace SBDC helped Norwegian Baked owner Hedvig Bourbon develop a business plan as well as formalize bookkeeping procedures for her Brooklyn-based commercial kitchen. Further, post pandemic, Pace SBDC helped the business secure a PPP forgivable loan, enabling the business to save three jobs.
La Palapa Cocina Mexicana, an East Village-based Mexican restaurant, expanded delivery and outdoor dining to re-envision its business model post-COVID. With the financing through PPP and EIDL programs and operational and accounting guidance from Pace University SBDC, they were able to retain 62 jobs.
Yonkers-based Nahmias et Fils retooled their distillery from production of spirits to hand sanitizer. Combined with nearly $100,000 in COVID-19 financing and operational and accounting guidance from Pace SBDC, this new structure helped the client retain 4 jobs while providing much-needed materials.
Lower Manhattan-based Cantos Translations arranged the funding of a $50,000 grant program for black women-owned businesses. They have also secured donations of over 550 medical-grade masks for Brooklyn's Downstate Hospital, and provided 100 hours of pro bono work for nonprofit groups.