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Part of the “new normal” in the COVID era is gathering resources for your nonprofit or small business—and this means trusted advisors and experts in real estate and in economic and community development. Talk to the right people for the challenges ahead. And, you’ll ask the right questions about your organization’s operations and balance sheets.
Ideally, your advisory team includes financial advisors, real estate consultants, philanthropic advisors, and a CPA team that knows your organization inside and out. But, be sure to also consult with community and economic development strategists, who will provide insight into the actions of city and state government and lobbyists.
Just like you, agencies are feeling the pressure to preserve liquidity. Anticipate up to 20% cuts in government funding sources in the coming months.
Ideally, you want financing options and not a singular funding solution. This advice is as relevant for public financing and incentives as for commercial banking transactions. The WBE/DBE/SBE certified urban strategy consultancy Karp Strategies writes about leveraging the full “analysis of data, people, and place” available to you. Always, but especially in these uncertain times, consult with a varied community of experts who can provide you with information about the multiple factors impacting current markets and best practices.
Ask questions applicable to the specific and immediate needs of your organization.
Decision-making for long-term financial viability requires a different set of questions.
Most companies negatively impacted by the COVID pandemic are seeking both short and long-term financing solutions to cope with the crisis. You need to be able to act now in the interest of your organization but planning for future fiscal health and growth is also a given.
You may be asking questions like the following.
In response to questions like these from our clients, ThinkForward has been exploring the advantages and disadvantages of several financing strategies.
*CDFI loans and grants are available through the Nonprofit Finance Fund, LISC, Low Income Investment Fund (LIIF), Blue Hub Capital, TruFund Financial, Pursuit Lending, and similar organizations.
We are currently working with multiple New York City organizations now benefiting from various financing strategies. The breadth of industries represented and communities served speaks to the diversity that exists right now for funding solutions. If ThinkForward can assist you with a financing initiative or if you have general questions, please contact us.
Part of the “new normal” in the COVID era is gathering resources for your nonprofit or small business—and this means trusted advisors and experts in real estate and in economic and community development. Talk to the right people for the challenges ahead. And, you’ll ask the right questions about your organization’s operations and balance sheets.
Ideally, your advisory team includes financial advisors, real estate consultants, philanthropic advisors, and a CPA team that knows your organization inside and out. But, be sure to also consult with community and economic development strategists, who will provide insight into the actions of city and state government and lobbyists.
Just like you, agencies are feeling the pressure to preserve liquidity. Anticipate up to 20% cuts in government funding sources in the coming months.
Ideally, you want financing options and not a singular funding solution. This advice is as relevant for public financing and incentives as for commercial banking transactions. The WBE/DBE/SBE certified urban strategy consultancy Karp Strategies writes about leveraging the full “analysis of data, people, and place” available to you. Always, but especially in these uncertain times, consult with a varied community of experts who can provide you with information about the multiple factors impacting current markets and best practices.
Ask questions applicable to the specific and immediate needs of your organization.
Decision-making for long-term financial viability requires a different set of questions.
Most companies negatively impacted by the COVID pandemic are seeking both short and long-term financing solutions to cope with the crisis. You need to be able to act now in the interest of your organization but planning for future fiscal health and growth is also a given.
You may be asking questions like the following.
In response to questions like these from our clients, ThinkForward has been exploring the advantages and disadvantages of several financing strategies.
*CDFI loans and grants are available through the Nonprofit Finance Fund, LISC, Low Income Investment Fund (LIIF), Blue Hub Capital, TruFund Financial, Pursuit Lending, and similar organizations.
We are currently working with multiple New York City organizations now benefiting from various financing strategies. The breadth of industries represented and communities served speaks to the diversity that exists right now for funding solutions. If ThinkForward can assist you with a financing initiative or if you have general questions, please contact us.
NYC agencies are encouraging investments in IndustrialBusiness Zones (IBZ).This is good news for real estate developers and building owners hoping to attract manufacturing and light industrial tenants through redevelopment of their properties. Financial assistance through the NYCIndustrial Development Agency (NYCIDA) can make a sizeable contribution to most capital stacks.
For many organizations, delaying a project means delaying future success. Tax credits and economic incentives can help fund the next step forward in any mission-driven organization’s growth and evolution. Considering the life line that these programs can represent, let’s take a few moments to understand what incentives are and how to tap into the potential for your company.
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