Dear Ms. Tomczak:

Thank you for your email. 

Concerning the statement, "Nevertheless, I conducted a de novo search of the Department’s records and found that the Department does not possess any records regarding the Goldman Sachs’s investment in the One Million Black Women project." 

However, the New York City Small Business Opportunity Fund lists Goldman Sachs and One Million Black Women as a funding sponsor: https://sbsopportunityfund.nyc/.

The $75M fund is the largest in New York City's history. The website states, "The Fund was created specifically for NYC small business owners, developed and administered by local partners – including the NYC Department of Small Business Services (SBS), Goldman Sachs’ One Million Black Women, Mastercard Center for Inclusive Growth, local Community Development Financial Institutions (CDFIs – non-profit community-based financial institutions), and local small business centers that understand your community and customers."

How would New York City know of One Million Black Women but New York State would have no records associated?

Warm regards,

Gunnar 

Gunnar Larson 

xNY.io - Bank.org

646-454-9107 

On Mon, Jan 30, 2023, 3:28 PM Tomczak, Christine (DFS) <christine.tomczak@dfs.ny.gov> wrote:

Dear Mr. Larson,

 

See attached letter.

 

 

Christine M. Tomczak

Assistant Counsel

 

New York State Department of Financial Services

1 State Street, New York, New York   10004