City of Hartford Awards $500K Grant to Upper Albany Main Street
Published By: Upper Albany Main Street
Date: November 8, 2024
Established in 2000, with its micro-business incubator housed at Barney, Upper Albany Main Street (UAMS) is an economic development, community revitalization organization. Its mission is to work with business owners and residents to preserve, revitalize, and support the commercial district.
“UHart’s Barney School of Business is proud to provide a home for Upper Albany Main Street,” said Dean Aarti Ivanic. “Through supervised micro-incubator consulting projects, our students are able to put their skills to work outside the classroom, gaining real-world experience while supporting local business owners and strengthening ties with the local community. As the University bearing the city of Hartford’s name, we are at our best when we foster strong partnerships with local businesses—not just large employers like Stanley Black and Decker, Pratt and Whitney, and others, but small businesses right in our neighborhood.”
The grant is part of a $1.7 million initiative funded by the American Rescue Plan Act to revitalize the neighborhood, where more than 71% of residents identify as Black, 23% as Latino, and more than half are low-income households. Upper Albany Main Street will be involved in the first phase of the program, helping to lead an initial assessment and conduct training customized to each participant’s needs.
According to the City of Hartford, the initiative aims to increase digital literacy, with laptops and computers provided to businesses that need them. Other goals include enhanced financial management, streamlined operations, and a stronger community network.
The grant will allow UAMS to give neighborhood business owners access to digital knowledge and tools. “This grant empowers Upper Albany Main Street to continue fostering economic growth, community engagement, and support for our digital and technology hub designed to uplift small businesses,” said Executive Director Beverly Redd. “Our aim is to bridge the digital divide and empower local business owners with essential networking opportunities and access to cutting-edge technological, financial, and operational tools. These resources will equip them to successfully navigate the post-pandemic business landscape.”
Established in 2000, with its micro-business incubator housed at Barney, Upper Albany Main Street (UAMS) is an economic development, community revitalization organization. Its mission is to work with business owners and residents to preserve, revitalize, and support the commercial district.
“UHart’s Barney School of Business is proud to provide a home for Upper Albany Main Street,” said Dean Aarti Ivanic. “Through supervised micro-incubator consulting projects, our students are able to put their skills to work outside the classroom, gaining real-world experience while supporting local business owners and strengthening ties with the local community. As the University bearing the city of Hartford’s name, we are at our best when we foster strong partnerships with local businesses—not just large employers like Stanley Black and Decker, Pratt and Whitney, and others, but small businesses right in our neighborhood.”
The grant is part of a $1.7 million initiative funded by the American Rescue Plan Act to revitalize the neighborhood, where more than 71% of residents identify as Black, 23% as Latino, and more than half are low-income households. Upper Albany Main Street will be involved in the first phase of the program, helping to lead an initial assessment and conduct training customized to each participant’s needs.
According to the City of Hartford, the initiative aims to increase digital literacy, with laptops and computers provided to businesses that need them. Other goals include enhanced financial management, streamlined operations, and a stronger community network.
Original source: https://www.hartford.edu/news/press-releases/ns-uams-grant.aspx