Bronx Overall Economic Development

What Bronx Overall Economic Development does

Bronx Overall Economic Development Corporation (BXEDC) is a nonprofit economic development corporation founded in 1980 and headquartered at 851 Grand Concourse in the Bronx, NY. The organization is a Certified Development Company (CDC), a federal designation that grants access to SBA loan programs and government funding channels. BXEDC's primary mission is supporting small and micro businesses in the Bronx, particularly those in designated empowerment zones, through access to capital, business development consulting, and marketing exposure. The organization operates with 11-50 employees and is governed by a Board of Directors, with Rob Walsh serving as President.

BXEDC's service portfolio spans five product lines: (1) a business loan program including SBA-backed financing and a specialized micro-loan program for empowerment zone businesses, generating revenue through loan interest and fees; (2) The Bronx Beat, an Emmy Award-winning television series produced in partnership with YES Network and displayed on the Yankee Stadium Jumbotron; (3) the Green Action Challenge, a sustainability-focused grant program; (4) BX-Factor 2026, an economic development summit and competition; and (5) general economic development resources connecting businesses to local, state, and federal incentives. The organization operates from a single Bronx office and serves a strictly regional geographic market.

BXEDC's revenue model is hybrid: retained administrative fees and overhead recovery on government grants (including a $20 million Downtown Revitalization Initiative grant from Governor Kathy Hochul), interest income from its micro-loan portfolio, and additional public and private grants exceeding $1 million. The organization does not operate as a technology company and has no proprietary software platforms; its digital infrastructure consists of a Squarespace website and basic social media presence on LinkedIn and Instagram. Its go-to-market is community-led and event-driven, relying on direct outreach, partnerships with local institutions (Bronx Borough President, CUNY Bronx Community College), community events, and earned media including a weekly column in the Bronx Times.

Name

Bronx Overall Economic Development

Legal name

Bronx Economic Development Corporation

Website

https://boedc.org

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

11–50 employees

Short description

BXEDC is a Bronx-based nonprofit economic development corporation and Certified Development Company that provides micro-loans, SBA-backed financing, and marketing exposure to small businesses in the Bronx. It administers public and private grants to support community economic development and job creation.

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

Grantmaking and Giving Services (81321)

SIC

Miscellaneous Business Credit Institution (6159), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Corporate Foundations & CSR Grantmaking (BPAGAKAC)

Keywords

• Economic development services
• Small business lending
• Microloan programs
• Community development financing
• Business assistance services

Headquarters

HQ city

Bronx

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Business Loans and Lending Services: As a Certified Development Company, BXEDC provides various loan products to small businesses in the Bronx, including a micro-loan program tailored for businesses in the empowerment zone. Revenue is generated through loan interest and fees.
2. Government Grants and Public Funding: BXEDC secures and administers public funding including the $20 million Downtown Revitalization Initiative grant from Governor Kathy Hochul's administration. These grants support economic development projects in the Greater Morris Park area and broader Bronx revitalization efforts.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

BXEDC is a mission-driven nonprofit economic development corporation that provides micro-loans and SBA-backed business financing through its Certified Development Company designation, direct business assistance and consulting, and marketing/promotional exposure to small businesses in the Bronx. The organization also administers grant-funded community development initiatives such as the Green Action Challenge and BX-Factor 2026.

Product overview

BXEDC (Bronx Economic Development Corporation) is a nonprofit organization offering a portfolio of economic development services rather than a unified technology product. Core offerings include business loan programs (micro-loans and SBA-backed financing through its Certified Development Company designation), the Emmy Award-winning Bronx Beat marketing series produced with YES Network, and grant programs like the Green Action Challenge. The organization also runs initiatives such as BX-Factor 2026 and provides access to local, federal, and state business resources. These services function as interconnected programs designed to support small business growth, job creation, and community development in the Bronx.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Loans / Micro-Loan Program
• Business Assistance Services

Quantifiable outcome

• Created micro-loan program and distributed millions of dollars in loans to small businesses in empowerment zones
• +3 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and major.

• YES NetworkcoreGTM or Marketing PartnerBXEDC partners with YES Network to produce 'The Bronx Beat,' an Emmy Award-winning series that profiles Bronx businesses. The show airs on YES Network and is displayed on the Jumbotron during Yankees home games, providing high-visibility marketing for featured Bronx businesses.
• CUNY Bronx Community CollegemajorStrategic or Co-development PartnerBXEDC awarded $1 million through the Green Action Challenge to CUNY Bronx Community College, supporting sustainability and environmental initiatives in the Bronx.
• Bronx Borough President Vanessa L. GibsoncoreStrategic or Co-development PartnerBXEDC collaborates with Bronx Borough President Vanessa L. Gibson on economic development initiatives and community programs. The organization maintains a visible connection to the Borough President's office and coordinates on development projects.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• NYC Economic Development Corporation: City-wide economic development corporation that administers large-scale grants, loans, and revitalization programs across all five NYC boroughs. Comparable to BXEDC in mission and tool set, but operates at a much larger scale and broader geography.
• Opportunity Finance Network: National membership/industry body supporting CDFIs across the country. Relevant as the broader ecosystem peer for BXEDC's CDFI/CDC-oriented lending and grantmaking model.
• Local Initiatives Support Corporation (LISC): National nonprofit CDFI supporting CDCs and community development projects through financing, grants, and capacity building. Comparable to BXEDC in mission and CDC partner relationship, though operating at a much larger national scale.

Direct peers

• TruFund Financial Services: CDFI providing loans and equity investments to small businesses and nonprofit organizations in underserved communities across the U.S. Comparable to BXEDC in mission-driven lending and community development focus.
• Greater Jamaica Development Corporation: Queens-based nonprofit economic development corporation administering loans, grants, and revitalization programs for SMBs in Jamaica, Queens. Closely comparable to BXEDC in service mix, geographic focus, and CDC/nonprofit structure.
• BEDC (Brooklyn Economic Development Corporation): Brooklyn-based nonprofit economic development organization providing loans, grants, and consulting to local businesses. Operates as a direct borough-level counterpart to BXEDC in the Bronx.
• Accion East: CDFI providing small business loans and advisory services to underserved entrepreneurs in the Northeast U.S. Comparable to BXEDC in micro-lending product, target customer (underserved SMBs), and nonprofit status.
• Pursuit (formerly PACE): NYC-based nonprofit providing loans, fellowships, and consulting to lower-income entrepreneurs. Directly comparable to BXEDC's micro-lending and business development mission for under-resourced SMBs.
• Renaissance Economic Development Corporation: NYC-based nonprofit CDC offering SBA-backed loans, micro-loans, and business assistance to small and minority-owned businesses. Closely comparable to BXEDC in CDC lending products and economic development mission.
• Brooklyn Alliance Capital: Brooklyn-based CDFI providing micro-loans and business development services to small businesses, mirroring BXEDC's Bronx-focused model. Directly comparable in product offering, target customer (local SMBs), and nonprofit CDC structure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/bxedc
• LinkedInlinkedin.com/company/bxedc
• Facebookfacebook.com/BOEDC

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bronx Overall Economic Development