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Washington Heights and Inwood Development CorporationWashington Heights and Inwood Development Corporation
The primary mission of the Washington Heights and Inwood Development Corporation is to encourage the development and retention of businesses and jobs in our community through the provision of capital, research, technical, management and commercial re... Read more
The primary mission of the Washington Heights and Inwood Development Corporation is to encourage the development and retention of businesses and jobs in our community through the provision of capital, research, technical, management and commercial revitalization services to entrepreneurs and business owners. Our services are directed primarily to businesses in northern Manhattan and adjoining communities We seek to accomplish this mission through the further development and expansion of the Business Opportunity Success System ("B.O.$.$."), which provides both direct and indirect micro- and small-business loans, one-on-one business counseling, technical assistance and referral services and low cost access to financial and legal professionals. We seek to accomplish this mission through the provision of all services in both the English and Spanish languages and in a manner directly addressing the cultural differences and needs among entrepreneurs in our community. We provide real services that directly address the real needs of our business community.
WHIDC's BO$$ program has assisted in the creation of over 300 micro enterprises since 1992 by providing one-on-one business counseling and other services. The BO$$ Micro Business Loan program makes loans to small business in amounts ranging from $400 to $20,000. The CLAMP loan program makes loans to small construction trades contractors in amounts from $50,000 to $50,000. The BO$$/NDA/Riverside Church loan program makes SBA guaranteed loans from $25,000 to $1,000,000. WHIDC also produces the annual Medieval Festival at Fort Tryon Park and provides consulting assistance to groups seeking to develop business assistance and loan programs throughout the five boroughs.