Rice announces over $ 100,000 for Hofstra, NYU program supporting veterans and entrepreneurs

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Federal investment from the United States Economic Development Agency (EDA) will help fund the first year of a new five-year program hosted at Hofstra University.

U.S. Representative Kathleen Rice (NY-04) announced that the United States Economic Development Agency (EDA) has awarded $ 101,923 to fund the first year of the Downstate New York University Center program, a new five-year program at Hofstra University operated in collaboration between Hofstra’s Institute of Innovation and Entrepreneurship and the New York University Veterans Future Lab to provide technical assistance to entrepreneurs in the early stages of business development, with a focus on seasoned entrepreneurs and entrepreneurs operating in struggling communities.

“When I served on the House of Veterans Affairs committee, I saw how the men and women who have served our country have used their leadership skills in civilian life to create economic opportunities for themselves and for others, ”said Representative Kathleen Rice. “This Hofstra University program will ensure that these veterans and other budding entrepreneurs can receive the technical assistance they need to bring their business ideas to life. I applaud the Hofstra Institute of Innovation and Entrepreneurship and NYU’s Veterans Future Lab for launching this collaborative program, and I am delighted that it has secured this federal funding from EDA.

“The Hofstra University Institute for Innovation and Entrepreneurship is committed to helping and serving those who have served us and those who currently serve their communities in distress,” said Sharon Goldsmith, Interim Executive Dean, Entrepreneurship and Business Development at Hofstra University. “Through our work on the Hofstra Veteran’s Venture Challenge, we identified a need to help entrepreneurs early on in launching and growing their businesses. The Downstate New York University Center program will not only provide training and resources, but will create a community of New York and Long Island startup entrepreneurs. Leveraging existing resources in our institutions will allow us to support these entrepreneurs as they launch, grow and scale. “

“This federal support will allow us to continue the exciting work of accelerating veterans in the innovation economy,” said Steve Kuyan, director of entrepreneurship at NYU Tandon School of Engineering. “At the same time, this EDA funding ensures that no matter where someone lives, they will be able to receive the skills and training needed to create scalable businesses. “

Federal funding for the program has been provided through the EDA Academic Centers Program, which enables higher education institutions to establish and operate Academic Centers (CU) specifically focused on enhancing academic assets. to create regional economic ecosystems that support high growth innovation and entrepreneurship, resilience and inclusiveness. The Downstate New York University Center will provide technical assistance to entrepreneurs through a series of virtual trainings, collaboration with faculty and students, and networking and educational events in its mission to achieve UC program goals.

“We are grateful to the men and women who served our country and risked their lives to protect our freedoms. The collaboration between the Hofstra Institute of Innovation and Entrepreneurship and NYU’s Veterans Future Lab is a great way to provide them and other entrepreneurs with the tools they need to prosper financially in our region. county. Thank you to EDA for funding this important program, ”said Laura Curran, Nassau County Director.

“Nassau County is home to over 55,000 veterans. Many of them own small businesses, ”said Ralph Esposito, director of the Nassau County Veterans Services Agency. “I would like to thank Representative Kathleen Rice, the EDA and Hofstra University for their support of our veterans community.”


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