About Ascend Long Island
Part of a new and evolving national organization, Ascend Cities
Ascend Long Island targets businesses with revenues of $100K to $1M
Welcome to Ascend Long Island – a partnership of Hofstra University’s National Center for Suburban Studies, Center for Entrepreneurship, the Scott Skodnek Business Development Center and BOC Capital Corp.
The mission of Ascend Long Island is to support the growth and scaling up of minority business enterprises (MBEs) on Long Island. With an emphasis on the economic development of underserved Nassau County communities, Ascend helps these entrepreneurs win contracts from larger companies and provides them with essential training and mentoring using the “3 M” model developed by the National Ascend Network: Management, Money, and Markets.
Ascend Long Island is seeking applications for its second cohort, targeting businesses with revenues ranging from $100,000 – $1,000,000 and businesses that view other businesses as customers.
The geographic focus of the pilot 2019 cohort was a cluster of four communities – the villages of Hempstead and Freeport and hamlets of Uniondale and Roosevelt – known as “The Corridor.” The 2019 cohort included 18 diverse businesses from a variety of industries ranging from construction to health and wellness.
The 2019 cohort truly showed the diversity of business that Nassau County has to offer: 77% of the business were black-owned, 22% Hispanic-owned, and 1% Guyanese Indian-owned. Fifty percent of the businesses reported an increase of at least 2% in their 2019 revenues in just three months after completing the formal training.
Based on the program’s success, Ascend Long Island will seek to extend this ecosystem of support and its capacity-building benefits to MBEs throughout Nassau County, Suffolk County & Southeast Queens.
All Ascend Long Island members will continue to benefit from the resources provided through the Ascend network, including connections to the Anchor Partner Council, major corporations and government agencies who support supplier diversity and technical assistance provided by Hofstra’s Entrepreneurial Assistance Center and Business Development Center for Empire State MBE Certification. Pipeline development is at the very core of what we are looking to achieve through the Ascend Long Island program.
The program is a part of the National Ascend Network funded by JPMorgan Chase.