Tim Kennedy (D-NY26)

Impact in the District

Between 2005 and 2023, there was $188.2 million in total lending from CDFI Fund award recipients, including $40.6 million in loans to businesses and entrepreneurs, $87.6 million in housing development and mortgage lending, $31.7 million in lending to commercial real estate and community facilities, with the balance going to other activities. For more impact data, check out the CDFI Advocacy App over at CDFI Friendly America.

Stories from the District
3AM Innovations teamed up with the Orchard Park Fire Department to help protect Highmark Stadium
Backed by $9 million in seed funding and support from Launch NY’s Investor Network, 3AM Innovations is poised for continued growth, making a tangible difference in how fire departments across the country operate. The partnership with Orchard Park Fire Department at Highmark Stadium is a significant step forward in their mission to protect lives through innovative technology.
Azuna and the New York Giants Team Up to Celebrate 100 Years of Giants Football
Buffalo-based Azuna, a leader in natural air freshening innovation, has partnered with the New York Giants to celebrate their 100th season. This collaboration has led to the launch of “The Scent of a Century” collection, which features a unique tea tree scent with notes of fresh apple and hints of cinnamon, designed to capture the spirit of the Big Apple and commemorate the Giants’ rich history.
BetterMynd Expands to Over 100 Colleges, Prioritizes Student Mental Health
BetterMynd’s growth reflects its commitment to improving mental health resources for college students. As one of Launch NY’s portfolio companies, including receiving capital from its nonprofit and for-profit funds and Investor Network, the company continues to expand its impact, aiming to make mental health support as accessible and convenient as possible.
Edenesque Joins Whole Foods Accelerator Program
Buffalo-based Edenesque, a plant-based dairy company, was selected from over 1,600 applications for Whole Foods Market’s 2024 local and emerging accelerator program. The program offers $25,000 in equity investment, mentorship, and educational resources to help scale the company’s growth. Edenesque’s success has skyrocketed after transitioning to a co-manufacturer model, with revenue jumping from $5,000 in its first month back on shelves to over $50,000 in six months. Its current run rate exceeds $500,000 annually.
Empowering Innovation: Marnie LaVigne’s Role in Transforming Upstate NY’s Startup Ecosystem
Long before Marnie LaVigne became the CEO of Launch NY, she was already embodying the entrepreneurial spirit her organization seeks to nurture today. Her career began as a clinical psychology graduate student at the University of Rochester, where she became involved with Health Information Technologies, a Rochester-based company. This venture went public as Patient InfoSystems Inc., with LaVigne as co-founder and vice president of clinical and data services.
HelixIntel CEO’s Bold Move Back to Buffalo
In a tech landscape dominated by remote work, HelixIntel CEO Jon DeWald’s decision to relocate from North Carolina back to Buffalo, his hometown, may seem unconventional. However, for DeWald and his rapidly growing company, this move signifies a strategic step towards fostering closer collaboration and accelerating business growth.
CDFIs with Branches in the District
Empower Federal Credit Union
Launch New York
Westminster Economic Development Initiative Inc

Map of CDFI Branches and Stories in

New York Fact Sheet