Washington Heights and Inwood Development Corp.

WHIDC was organized in 1978 to serve the residents and businesses in Northern Manhattan. We are tax-exempt under Section 501(c)(3) of the IRS code. WHIDC is also a United States Treasury Department Certified Community Development Financial Institution (CDFI). Search B.O.$.$ WHIDC's activities include the operation of a micro-business development program, the Business Operating Success System. BO$$ has assisted in the creation of over 500 micro enterprises in our community since 1992. BO$$ provides one-on-one assistance to micro-businesses and entrepreneurs. BO$$ services are aimed at assisting entrepreneurs with limited educational, attainment or English language or business management expertise. They include street vendors, storefront and in-home businesses. BO$$ assisted over 250 entrepreneurs in 2014. WHIDC was selected by New York State of NY to operate the Upper Manhattan Entrepreneurial Assistance Center in 2008. In May of 2011 we implemented a legal assistance component with the law firm of Clifford Chance,and the NYU School of Law. In February 2014 we opened a satellite office in West Harlem. Earlier this year, we started out our Veterans Business Assistance Center which services veteran entrepreneurs throughout Manhattan and the Bronx The BO$$ Micro Business Loan Program has made 411 loans totaling over $6,352,320 since the loan program's inception in 1995. BO$$ loans range from $100 to $50,000. Two thirds of these loans have gone to small storefront businesses with the balance going to street vendors, and in-home businesses. A third of our loans go to start-up businesses. Of the loans to individuals, 94% have gone to minority- and over 40% went to women-owned businesses. These loans have created over 524 full-time jobs and 145 new businesses in our community. We are one of the most active and successful micro business lenders in New York City.