Our Vision
Est. 1967 · Harlem, NYA place where every entrepreneur,
regardless of race, income, or credit history,
has a fair chance to build a business, create jobs,
and generate generational wealth.
Our History
1967 to todayNearly six decades of building Harlem's economic future.
Harlem Commonwealth Council was born from the conviction that a community's economy should belong to the people who live in it. That idea has carried us from 125th Street storefronts to the Harlem Entrepreneurial Fund, our U.S. Treasury-certified lending affiliate.
A council for the commonwealth
HCC was founded under the landmark Economic Opportunity Act of 1964 to put economic development in community hands. Its founders were Harlem organizers and educators, including Arthur Hill, Preston Wilcox, Isaiah E. Robinson, Jr., Leo Rolle, Marshall England, Ken Marshall, and Roy Innis.
Holding the ground on 125th Street
For its first four decades, HCC built economic power through ownership. By holding property along West 125th Street, HCC kept businesses in place that rising rents would have pushed out, and gave them the funding and technical assistance they needed to grow.
From landlord to launchpad
HCC expanded beyond its real estate portfolio into education, mentorship, and skill development: adult business classes, one-on-one consulting, and after-school STEM programs that invest in the entrepreneurs of today and the leaders of tomorrow.
Capital, in Harlem's own hands
HCC created the Harlem Entrepreneurial Fund so it could stop referring entrepreneurs elsewhere and start funding them directly. HEF began lending in 2008 across Harlem, Washington Heights, Inwood, and the Bronx. It reached owners whose businesses were sound but who couldn't clear a conventional bank's underwriting: thin credit files, little collateral, and loan sizes too small for commercial lenders to bother with.
Building the human-capital pipeline
HCC brought its education work under a single banner: The Learning Collective, one platform running from middle school through the adult workforce. After-school and summer STEAM programs, mentorship, literacy and math enrichment, leadership development, and re-entry pathways for opportunity youth. The idea is simple: every student reached today is a potential entrepreneur, employer, or innovator tomorrow.
The city partners with 125th Street
HCC won the New York City Department of Small Business Services contract and opened the Small Business Solutions Center at 361 West 125th Street. The official city partnership put advising, training, and capital connections inside HCC's own building, free to every entrepreneur who walked through the door. The same year, the Harlem Entrepreneurial Fund earned U.S. Treasury certification as a Community Development Financial Institution.
Holding the line through the pandemic
When New York City shut down, HEF's loan officers called borrowers to offer loan deferments, giving local owners breathing room when they needed it most.
A record year
HEF's loan portfolio grew 102% in fiscal year 2025. HCC's two SBS centers ranked first and second in the city for business education taught in languages other than English.
Community capital, at scale
HEF has deployed $17M since 2008, with 87% of its loans going to LMI and women owners. Since 2012, the HCC SBS Center has served more than 54,000 people and helped its clients secure over $60M in capital.
Sixty years on 125th Street
HCC turns 60. The next chapter is still being written, by the owners, students, and neighbors who keep building here.
Economic power, built in Harlem, owned by Harlem.
To build economic power and self-determination in New York City through entrepreneurship support, workforce development, equitable lending, and access to the resources that make businesses thrive.
Harlem's communities are rich with talent. The barrier is access, not ability.
HCC exists to close that gap. We provide the financial support, business consulting, and education that Harlem and NYC entrepreneurs need to start, operate, and grow, because our communities deserve an economic system that actually works for them.
We invest in the business leaders of today through adult business classes, one-on-one consulting, and access to capital that conventional lenders won't extend. And we invest in the leaders of tomorrow, through after-school STEM programs and mentorship for young people whose potential far outruns their opportunities.
That work compounds. A loan that keeps a storefront open on 125th Street also preserves the jobs inside it, the foot traffic around it, and the tax base beneath it. Capital placed well doesn't just fund one business; it holds up a block.
The HCC team knows this landscape first-hand, because we live here. We aren't visiting to run a program and leave. That proximity is why our lending reaches owners other institutions overlook, and why our support continues long after a loan closes.
The real measure of our work isn't dollars deployed. It's whether Harlem's entrepreneurs just survive, or whether they scale, hire, and build wealth that stays in the neighborhoods we call home.
The next chapter is written by people like you.
By partnering with residents and businesses, and with support from people like you, HCC is investing in long-term solutions for the economic prosperity of the community.