ACE PLACES

Creative Economy Mixer: Arts Letters & Numbers Studios

May 30, 2019 By Maureen Sager

Thank you for joining us at Arts Letters & Numbers Studios, where we toured their facility, met resident artists, enjoyed food tastings by Laughing Earth Farm, beverage tastings by Albany Distilling Co, a performance by Rachelle Smith-Stallman and more!

We’ll also had an engaging discussion with Arts Letters & Numbers Founding Director David Gersten, and Andrew Frishman of Big Picture Learning.

Without the generous support of our sponsors, this event would not be possible. Thanks to Community Loan Fund of the Capital Region, MVP Health Care, and promotional partner Rensselaer County Regional Chamber of Commerce.

Creative Economy Mixer at Opalka Gallery

March 14, 2019 By Maureen Sager

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Our March 2019 our ACE #CreativeEconomyMixer was at Opalka Gallery on The Sage College of Albany’s Campus. We saw screenings of amazing Capital Region film projects in the gallery’s Screening Room, including “Safehouse” by Micah Khan of Golden Horde Films and “Zebra” by Lisa M. Thomas of Thin Edge Films. Sam Margolius shared a “behind the scenes” breakdown of a video-enhanced by special effects by visual effects house Branch VFX.

A short tasting menu was featured by Albany-based restaurant UMANA — “Meeting Place for all People” and Druthers Brewing offered a beverage tasting at the event.

In addition to the films, food and drink we also toured the “In Place of Now” Afrofuturism exhibit with co-curator Judie Gilmore.

Special thanks to our sponsors MVP Health Care and the Community Loan Fund of the Capital Region. Photos by Ska City Photography.

Community Loan Fund Business Spotlight: Coiled, A Textured Salon

February 18, 2019 By Maureen Sager

Lavida Barkley began braiding hair at the age of 12, and what began as a hobby gradually became a profession starting with her first “client” at the age of 15 . “I relied on hair braiding off and on for years, while living in the Capital Region, to Atlanta Georgia, and back.” When she returned to the Capital Region to get better services for her son who is on the autism spectrum, she decided not to return to a traditional job position and instead started her own business, called Coiled: A Textured Salon. Lavida says, “I did business development programs and was denied funding in the program. I even went to a local credit union for financial support. The programs had a lack of diversity, it was tough to get them to understand what I was trying to do.”

Typically, natural hair salons don’t do chemical treatments and focus instead on textured hair health. Many times these hair types are neglected in the mainstream industry, but that began to change with the natural hair movement of the 2000s. Statistics show that more women are embracing their natural hair, and the industry has seen a major shift in the past decade.

When Lavida connected with the Community Loan Fund, she said she noticed a difference right away. “They were kind and helpful. They took the time to review my business plan and helped me through it all, from start to finish.” She also mentioned that the team was more diverse than other potential lenders, and had more understanding of what she was trying to do. After a few months, Lavida was able to launch her business in her own space at 1305 Nott Street, Schenectady. For a lot of small businesses, having some sort of financial support is necessary when it comes to achieving their goals. Unfortunately, the community loan fund isn’t available for everybody but small businesses can still use sites like https://l3funding.com/line-of-credit to find a line of credit and fund their dreams. This is useful for business owners. There are so many things that a business owner needs to pay for, so loans and financial support can be really beneficial. Something that would probably benefit business owners would be more affordable access to broadband. In the UK, the Labour government had promised to give homeowners and business owners wider access to cheap broadband, according to this article here. If only the United States would offer their small business owners something similar to this. It could really help some people to chase their business dreams.

“I am blessed to have clients who travel from Vermont, Boston, and western New York to be served because they know the offerings are customized for their curl. I don’t believe there are limitations based on where a business is located or who it’s surrounded by. My salon is tailored for ALL curl types, from coils and curls to waves and my specialty is what sets me apart from other businesses.”

“Having moved away from the area for a year and returning was eye-opening. I can attribute my awareness of my calling to that experience. I know now that if I moved through life with a little more faith and fearlessness that my journey would have started much sooner. I am not where I will end up yet, but I hope to encourage others who may want to make the leap but are paralyzed by fear. I don’t want to look back on my life when I’m older and have ‘should have, could have or would have’ rolling around in my head.”

Lavida says, “If it’s something positive in the capacity of serving others… move without regret.”

The Community Loan Fund offers a variety of lending options and continued support for businesses like Coiled: A Textured Salon. Traditional banks and credit unions would call this a high risk, and it would be highly unlikely that the loan would be approved. The Community Loan Fund offers reviews on a case-by-case basis for its financial viability and positive social impact. If you are looking to expand your business, you can get more information and set up a time to talk with someone at The Community Loan Fund by clicking here.

Creative Economy Mixer at Darn Good Yarn: Photo Highlights

February 14, 2019 By Maureen Sager

ACE held its February #CreativeEconomyMixer at Darn Good Yarn in Clifton Park. There were tours of Darn Good Yarn’s amazing facility, beverage tastings by Yankee Distillery and Single Cut Brewing: North Store, a performance by poet and visual artist D. Colin, and a “The Price Is Right” style giveaway! Many attendees also enjoyed the “Learn to Crochet/Knit” station as well.

NYS Assemblywoman Carrie Woerner led an engaging discussion with Darn Good Yarn founder Nicole Snow and Sarah Trop, owner of Funcycled Repurposing and Interior Design, with a focus on Women and Entrepreneurship.

FREE headshots were be provided by Ska City Photography when attendees registered for the ACE Job Hub.

Special thanks to our sponsors, Saratoga County Prosperity Partnership, MVP Health Care, and Community Loan Fund, and promotional partners, She’s A Boss and Entrepreneurs’ Organization Albany. Produced in partnership with 2440 Design Studio and WMHT.

Community Loan Fund Business Spotlight: Dance Fire Studio & Fitness

January 24, 2019 By Maureen Sager

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The Community Loan Fund has been helping businesses and individuals be successful since 1985 and offers a variety of programs and resources. They provide access to capital for microenterprises and freelancers for business development. This article is a part of a series that highlights local businesses who have benefitted from a Community Loan Fund Loan. Other businesses may have used a usda b&i to help them get the necessary help with their company growth.

Natalia and Florin Vlad opened Dance Fire Studio & Fitness in 2017, because they wanted to start a business that would offer world-class ballroom dance lessons to the Capital Region. Natalia says that they especially wanted to be independently owned, “because we don’t have the same restrictions as other dance studios. If we need to switch something, we can. We have the freedom and flexibility to create the best experience for our clients.” Although starting and running a business can be incredibly demanding, the rewards are there for everyone to see. You can read this guide if you want some advice on starting a business. Natalia and Florin also keep their own dance careers in full swing — they are three-time national finalists, and compete in both national and international competitions,most recently in Paris.

Scaling Up

Dance Fire had been renting space to do their dance lessons but they knew they wanted a space of their own, and that they would need a loan to open a “dance home” that everyone could benefit from. They began working with the Small Business Development Center, who helped them create a business plan. Someone at the center recommended the Community Loan Fund for lending options, because their business was nontraditional.

Every business has to start somewhere, and most start off in a similar position, which is why the need to create a business plan has never been so great. This is because it helps you to lay out all of your foundations in great detail, specifically your finances. By establishing this, you will be able to determine your financial path for the foreseeable future, and with the help of Synario and their scenario analysis model, you can base these types of decisions on possible outcomes, which will only help your success in the long run. But always having that extra bit of help to start with is always beneficial, and looking into a Community Fund Loan is never a bad first step to take.

Upon contacting the Community Loan Fund, they were matched up with Destiny, a loan support representative. “The process wasn’t just an application. You have to present to a group of investors and Destiny helped us prepare for that” Natalia said. “We felt supported through the entire process, from reviewing our business plan, to the presentation, The Community Loan Fund was a great help. To this day, if we need support, we know we can count on The Community Loan Fund.” The process took 8 months from start to finish, and in November 2017 they opened Dance Fire Studio & Fitness, with 4,400 sq ft of floating wooden dance floor, a temperature controlled facility, a high quality sound system, changing rooms, and more. “We knew we wanted a high quality space. We wanted to do it right- create a place for our students to have access to a quality studio and feel comfortable.”

When asked why Natalia and Florin decided to open their business in the Capital Region, they said,”The location is great, it’s close to major cities. All the businesses in the area want you to succeed. The sense of community is just different. And the cost of living allows us to have a facility that would be much harder to get in New York City!”

The Community Loan Fund offers a variety of lending options and continued support for non traditional businesses like Dance Fire Studio & Fitness. Many traditional banks would call this a high risk, and it would be highly unlikely that the loan would be approved. The Community Loan Fund offers reviews on a case-by-case basis for its financial viability and positive social impact. If you are looking to expand your business, you can get more information and set up a time to talk with someone at The Community Loan Fund by clicking here.