Medgar Evers College

Prestigious Newhouse School instrumental in expansion of multibillion-dollar economic development initiative SourceFunding.org

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SYRACUSE, NY (SEPTEMBER 21, 2018) - The #1 ranked S.I. Newhouse School of Public Communications highlighted SourceFunding.org in its latest feature, “Newhouse School instrumental in expansion of multibillion-dollar economic development initiative SourceFunding.org.” The feature celebrates the recent surge in growth for the platform as it surpassed its goals for 2018.

“Multibillion-dollar economic development initiatives originally launched in 2014 and 2015 with the assistance of the Newhouse School at Syracuse University are now helping over 50,000 startups, small businesses, nonprofits and community development organizations expand nationwide by speeding up the financing application process and matching them with the best community funding sources for their particular circumstances and stage of growth.”

Click to read the entire Newhouse article.

SourceFunding.org Partnership with Kiva.org to Provide Alternative to Predatory Lenders

NEW YORK CITY (January 15, 2018) - University and foundation-backed SourceFunding.org recently announced a new partnership with Kiva.org to support small business growth and job creation in the US.

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Serving as a Kiva Trustee, SourceFunding.org will be recommending entrepreneurs and small businesses for priority access to 0% interest small business loans.

The new partnership demonstrates growing momentum behind SourceFunding.org’s national campaign for the financial inclusion and empowerment of all entrepreneurs in the US.

The partnership also represents further expansion of SourceFunding.org’s Responsible Finance Network™, which has grown to include several thousand trusted, transparent, and low-cost community lenders within the last year.

“This is yet another exciting step forward in our commitment to level the playing field for all entrepreneurs and small business owners in the US so they can easily find and secure the quality, low-cost, and transparent financing needed to expand & create jobs,” said Sara Brainard, Brooklyn-based entrepreneur and VP of Corporate Operations for SourceFunding.org.

One entrepreneur already benefiting from the new partnership is Ashley Warmington, a student entrepreneur at Medgar Evers College School of Business who is working on her MWBE certification with the support of the College’s nationally recognized Entrepreneurship & Experiential Learning Lab.

Using SourceFunding.org, Ashley’s AirBnB management and concierge company, Cozy Oasis, was matched with Kiva and recommended for funding. The funding will accelerate the company’s growth globally into three new countries, which will create several new jobs in the Brooklyn community.

"Our entrepreneurs and small businesses face significant barriers when seeking financing to grow and create jobs,” said JoAnn Rolle, dean of the Business School at Medgar Evers College. “Entrepreneurship is an an important self directed career pathway for many of our students after they graduate and access to funding is crucial.”

To learn more about the positive impact SourceFunding.org is having, click here.

SourceFunding.org Founder Speaks at Brooklyn Navy Yard

Photo Credit: City of New York

Photo Credit: City of New York

NEW YORK CITY (September 3, 2017) - SourceFunding.org founder W. Michael Short spoke today on a panel at the Brooklyn Navy Yard about his work with CUNY Medgar Evers College School of Business (MEC) to support grassroots community-based ventures and entrepreneurs. The panel, part of Brooklyn Music Week, was planned by MEC, the Central Brooklyn Economic Development Council, and community-based organization Forever My City.

The panel was held at the Brooklyn Navy Yard Center BLDG 92, a recently renovated facility "designed to engage with the community and inspire future generations to become industrial innovators and entrepreneurs."

Mr. Short spoke about financial inclusion and the launch of SourceFunding.org. He also discussed the International Innovators Initiative (IN2NYC) on MEC's campus.

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IN2NYC, an initiative of the New York City Economic Development Corporation (NYCEDC) in partnership with the City University of New York (CUNY), is the first municipal program in the nation helping international entrepreneurs access visas so they can create jobs in the U.S. IN2NYC is helping selected entrepreneurs gain access to the visas they need to grow their businesses in New York City, and will create more than 700 jobs for New Yorkers in the first three years alone.

"Dr. Jo-Ann Rolle's strategy of creating an experiential and inclusive entrepreneurship program at MEC's School of Business is proving incredibly effective with a number of compelling success stories," said Mr. Short. "By engaging with communities locally and globally, Dean Rolle creates truly unique opportunities for her entrepreneurship students."

To learn more about about entrepreneurship programming at MEC, click here.

SourceFunding.org Recognized for "FinTech Innovation"

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NEW YORK CITY (August 1, 2016) - SourceFunding.org was featured for socially responsible "FinTech Innovation" in the August 2016 Business & Management Review. The paper, titled "Exploring Corporate Social Responsibility with the Global Community," was presented at the International Conference on Business & Economic Development in Paris.

Click here for a link to the Business & Management Review


Excerpt from the Business & Management Review:

"W. Michael Short, founder of Short Enterprises and the Global Social Enterprise Institute, spoke on the importance of building dynamic and cross-sector public-private-nonprofit-foundation partnerships in advancing economic development, inclusive entrepreneurship, and innovation. In order to demonstrate this, Mr. Short highlighted the national financial technology (FinTech) initiative that he is spearheading in collaboration with the Clinton Foundation, Ashoka U Commons Accelerator, the White House, various universities, a national network of small business technical assistance providers and financial institutions, among others. The initiative, a Clinton Global Initiative (CGI) sponsored “Commitment to Action” developed in the Ashoka U Commons, is focused on addressing a major barrier to growth cited by small and medium sized enterprises (SMEs): access to low-cost financing. This will be accomplished with the launch of the nation's first FinTech platform focused on community businesses, organizations, and entrepreneurs with a social-impact, mission-driven, or workforce development focus."