de Blasio Leads Initiative to help Women Owned Businesses with Crowdfunding in New Term [VIDEO]

New Yorkers voted to keep Bill de Blasio as its mayor on  Nov 7. Within days of his election-night victory, Mayor de Blasio announced a new program to help women owned businesses in New York City get loans with crowdfunding campaigns. As a part of a partnership with, the WE Fund: Crowd, City-backed crowdfunding program will help women entrepreneurs access affordable capital and start businesses in NYC.

As a part of the new program, women entrepreneurs can apply through for crowdfunded loans of up to $10,000 and NYC will contribute the first 10 percent (up to $1,000) of their loan request. The program is designed to reach at least 500 businesses over the next three years.

Leveling the playing field for women entrepreneurs will help grow and diversify our economy, and strengthen our families and neighborhoods,” Mayor Bill de Blasio said in a statement. “With Kiva, we will help launch small businesses that might otherwise never get off the ground.”

Mayor de Blasio’s new programs and re-election could give him a chance with skeptical residents. Republican candidate Nicole Malliotakis criticized Mayor de Blasio during her election bid for increased transit problems, property taxes, rumored pay-to-play scandals at city hall and income inequality among city residents. Malliotakis secured endorsements from the New York Post, former New York State Gov. George Pataki, and other community and media organizations. De Blasio won election night in a landslide victory grabbing 66.5 percent of the vote.


Monica Link

Monica Link

Editor-in-Chief for New York City Wired - Monica Link is a New York City-based technology / fashion writer and entrepreneur. Monica has interviewed CEO's, rising tech entrepreneurs and celebrities. Her work is followed by readers in more than 10 countries. Monica's notable interviews incliude celebrity trainer Gunner Peterson, New York Times bestsellers David Bach and Josh Linkner. As a passionate lover of the arts, Monica has performed, written and produced in live theater. She also writes about gallery exhibits, literature and fashion including New York Fashion Week. Follow her on Twitter @Memymonicalink

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