International co-living operator Quarters has launched a $100,000 fund to support small businesses in neighborhoods where it has its co-living properties – which includes Bed-Stuy.
The company plans to connect its tenants with local businesses to drive business and support local economies, investing the $100,000 in at least 40 local businesses across the cities it operates within.
Quarters co-CEO Esther Bahne said small, local businesses were what made neighborhoods great and Quarters wanted to work with them to source products and services.
“When we look to expand to different areas, a thriving local scene is one of the main things we look for – and small businesses are champions of that,” she said.
“It has been devastating to see how COVID-19 has impacted local shops and restaurants, and we want to step up to support them in tough times.”
The company is inviting local retailers, eateries and bars, as well as salons or other services near Quarters residences to apply for the new partnership program – as long as they are within a walkable distance to a Quarters home. In Bed-Stuy, that address is 1190 Fulton St.
Quarters will provide its members with benefits or discounted services, which the company will pay its partners for up front to help liquidity.
The company also has locations in the Lower East Side, East Village and it has just opened a new building in Williamsburg. Quarters also has properties in Chicago, Washington DC, Berlin and The Hague.
For more information on how to apply, click here.