Program For Harlem Entrepreneurs Could End With $16K Prize: See How

HARLEM, NY — Applications are now open for a six-week program in Harlem for novice entrepreneurs that could culminate in a $16,000 prize.

M&T Bank recently announced a Harlem Multicultural Small Business Innovation Lab program in partnership with Carver Federal Savings Bank that will be a month-and-a-half long experience designed to empower local entrepreneurs to start businesses in the uptown community.

The program will end with a pitch competition, with first place earning $16,000, second place earning $12,000 and third place receiving $7,000.

“This program is an important step in M&T’s work to encourage and support racially and ethnically diverse micro businesses in pursuing their dreams," Blair Ridder, M&T Bank New York City Regional President, said in a news release. "As a community bank, we want to uplift and make a difference in Harlem and in all the communities we serve.”

The six-week program will be held at the Harlem Commonwealth Council building at 361 W. 125th St.

Small business owners will attend weekly two-hour sessions to learn "fundamentals such as effective business planning, establishing credit, and gaining exposure to expert-level skills like presenting to investors, understanding business valuation, and building impactful brands."

The program will run from March 30 to May 4.

Acceptance will take place on a rolling basis for entrepreneurs who meet the following criteria:

• Black/African American, Hispanic/Latinx, Asian American, or other multicultural identities.
• In business no more than three years.
• Annual business revenue of $150,000 or less.
• A permanent resident of the greater Harlem community.
• Over the age of 18.

Applications are open until March 10, which you find — HERE.