Compiled by Angelique Molina-Mangaroo
Wednesday, November 15, 2023 |
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Going ‘in-depth’ to understand the potential of Black owned businesses
Brooklyn Communities Collaborative and Hunter College collaborated on a study of Brooklyn-based Black Owned Businesses, highlighting in the report the success of local entrepreneurs, circulation of wealth locally and impact such an investment has had into the health and well-being of East and Central Brooklyn households.
“Small, locally owned businesses return dollars spent to the local economy at a much higher rate than their larger, chain counterparts” said Gretchen Susi, Brooklyn Communities Collaborative’s Deputy director.
“Where Brooklyn Communities Collaborative sees additional opportunities is in sourcing from local minority-owned businesses by large, place-rooted institutions like hospitals and colleges, or what we call ‘anchor institutions.’” Susi explained in an interview with New York Nonprofit Media. “These organizations spend billions of dollars annually on goods and services but only a very small amount of that money they spend stays within the communities around them. Brooklyn Communities Collaborative conducted an analysis in 2022 that found that for hospitals in Brooklyn alone, local procurement opportunities could equal up to $2 billion annually. This amounts to an incredible opportunity for Brooklyn institutions to localize and diversify their spending and for local businesses to secure valuable, ongoing contracts – both of which strengthen the economic conditions in our communities.”
Read more here. – Noora Zakaria |
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I LOVE PHOTO AND APPLE – VIA GETTY |
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A message from Your Part Time Controller |
FREE CPE WEBINAR! Tuesday, November 21st at 12pm ET Leaves of Change: Investment Policy Considerations and Best Practices for Nonprofits
Is your entity’s current investment policy and strategy still appropriate for the long-term growth and stability of your organization? For nonprofit leaders, the focus is often on the organization’s mission, and the review of investment policy decisions may “fall” to the wayside. Join us and special guest Marc Labadie with RTD Financial for this unique opportunity to learn basic investment policy considerations and best practices to help your organization expand its roots!
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The Wells Fargo Foundation and Enterprise Community Partners announced the winners of the 2023 Housing Affordability Breakthrough Challenge, a $20 million nationwide competition to find and seed innovative housing solutions. The six winning organizations will each receive between $2 million – $3 million in grants and support from peers and industry experts to scale new strategies aimed at making homes more accessible and affordable. The wide range of winning solutions include a workforce training program that prepares students for homeownership; a new way of financing housing in rural communities like the Mississippi Delta; and a new construction technology that reduces the carbon footprint of multifamily buildings.
On Tuesday, Bronx Borough President Vanessa L. Gibson and the Bronx Economic Development Corporation announced Bronx Community College as the winner of the inaugural Bronx Green Action Challenge, a first-of-its-kind environmental sustainability challenge. BCC will receive a $1 million award, funded by the New York Power Authority, to develop and implement a plan to improve campus sustainability and reduce the institution's environmental footprint. BCC will use the award to launch the BCC Sustainability Hub. Specifically, the funding will be used to save an estimated two million gallons of water annually by installing low-flush toilets, create rain gardens to address flooding and erosion, compost nearly 900,000 pounds of food waste, keep approximately 180,000 plastic utensils out of landfills, and develop a solar roof demonstration and provide solar and wind turbine training certificate classes for BCC/CUNY students and Bronx residents.
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A message from JMT Consulting |
Since 1991, JMT Consulting has worked exclusively with nonprofits to deliver mission-driven financial management solutions. We've helped over 2,000 nonprofits to optimize their financial systems, scale their technology and achieve better outcomes for their mission. Our team is comprised of experienced and objective industry veterans offering personalized technology platforms, implementation, and training, JMT Consulting is a trusted resource for nonprofits of all sizes. Learn more about JMT and our unparalleled service and support at www.jmtconsulting.com.
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Homeless Services: The department awarded $26,161,276 to Housing Works for city sanctuary for families with children. |
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Is delayed or inaccurate financial reporting hindering your decision making? As many nonprofits face persistent turnover in the finance department and an ever-growing to-do list, delayed financial information and reporting can add to your daily challenges and harm your ability to make critical decisions. FORVIS’ Nonprofit Advisory team offers flexible, tailored services to assist with real-time financial reporting, evaluation or implementation of policies and procedures, project management, audit preparation, and more.
Visit www.forvis.com/nonprofit or email us at NYNFPAS@forvis.com to learn more. |
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Despite anecdotal concerns reported by some neighbors, the areas surrounding New York City’s two overdose prevention centers in Upper Manhattan did not experience a disproportionate rise in crime after they opened in late 2021, according to a new study analyzing 911 calls, summonses and other city data (Gothamist) … Gov. Kathy Hochul signed legislation intended to crack down on scammers stealing properties – usually from Black and Latino homeowners – across New York City and the state. The practice, known as deed theft, is rampant in the five boroughs (Gothamist) … A closer look at New York City history over the last 45 years indicates that every mayoral administration, from Ed Koch onward, has at one point or another become the target of sprawling corruption investigations by law enforcement (THE CITY) … Tens of thousands of American Jews and supporters of Israel rallied in Washington, D.C. against rising antisemitism, in support of Israel in its ongoing war with Hamas in the Gaza Strip and for the return of hostages taken by Hamas. Lawmakers from New York, home to the largest Jewish population outside of Israel, were among the lineup of speakers at the massive solidarity rally (City & State)
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How is Mayor Adams paying for his legal fees for the federal probe into his campaign finances? (Gothamist) |
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TriNet provides small and medium-size businesses (SMBs) with full-service HR solutions tailored by industry. TriNet offers access to human capital expertise, benefits, risk mitigation and compliance, payroll, all enabled by industry leading technology. TriNet empowers SMBs to focus on what matters most—growing their business and enabling their people. For more information on how TriNet can help contact ardelle.stoute@trinet.com |
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Overturning Roe changed everything. Overturning affirmative action did not. (New York Times) |
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A message from City & State |
Don’t Miss Nonprofit TechCon on December 8th! Join us as we bring together nonprofit leaders from across New York to explore how to use technology and innovation to further your organization’s mission! Nonprofit TechCon is the place to go to stay informed of tools and developments now and looking into the future!
Hear speakers from Graham Windham, BetaNYC, Reliant Studios, City Bar Justice Center, JASA, SVAM International Inc., The Door, Fountain House, FORVIS, Urban Pathways, AHRC New York City, JMT Consulting, Met Council, Common Impact, Fairdinkum Consulting, Community Housing Innovations, The Osborne Association, RoundTable Technology, Diversity Includes Disability, Education through Music, USI Insurance, Office of the New York State Comptroller, and more. Register today!
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| NYN Media Jobs
To view all jobs, please visit jobs.nynmedia.com. To advertise your employment opportunities with NYN Media email jobs@nynmedia.com.
Director of Talent, South Asian Youth Action, Elmhurst, NY
South Asian Youth Action (SAYA) is an inclusive, South Asian-focused 501(c)3 youth development organization.The Director of Talent will drive strategic talent initiatives in the area of talent recruitment and retention as well as employee engagement and performance management. To be successful in this position, you are someone who enjoys building relationships with people and thrives on fostering a strong culture of collaboration. This role requires a creative thinker, strong communicator, and problem solver. Apply here!
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To New York City Council Member Alexa Avilés Have a birthday, career change, birth or death to announce? Email Angelique Molina-Mangaroo at amolina@nynmedia.com. |
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