Bronx entrepreneur wants to bring capital to disadvantaged neighborhoods.
Crain’s New York Business
Tomas Ramos, a native of Washington Heights and a graduate of Temple University, developed a strong sense of community and a desire to break the cycle of generational poverty in his neighborhood. After returning to New York City in 2010, he worked with local non-profits but realized that waiting for public funds to address community issues wasn’t enough. Determined to make a difference, he founded Oyate Group in June 2020, with a focus on helping local entrepreneurs in Upper Manhattan and the Bronx access capital.
Oyate Group, named after the Dakota word for “people,” has a mission to bridge the gap in access to capital for underserved communities. The non-profit has raised significant funds, including $500,000 to support businesses affected by COVID-19 and an additional $3 million for various community initiatives, including vaccine drives, support for undocumented immigrants, and community events in Upper Manhattan and the Bronx. Ramos’s goal is to give out $2 million by the end of the year to support small businesses and make a lasting impact on underserved communities in New York City.
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