Immigrants and minorities who want to start and expand businesses in the Bronx face many obstacles, but most entrepreneurs are not aware of the programs out there that can help them overcome those obstacles.

A recent survey by the Federal Reserve Bank of New York, showed a staggering 92 percent of current business owners aren’t even aware of programs that are designed to help entrepreneurs like them. That was the theme at a recent forum held at Hostos Community College.

The survey, presented by Claire Kramer, Community Outreach Manager at the Federal Reserve Bank of New York, highlighted two key issues which are fundamental to the growth of immigrant and minority small business owners: the lack of using technology and, even more importantly, a lack of financing.

“Since 2008, the credit market has severely tightened making it even more difficult for small business owners to get the capital they need,” said Kramer.

“Our policies with regard to small business are (years and years) outdated,” Public Advocate Bill de Blasio said. “It’s programs and discussions like these that show our commitment to making it easier for immigrant and minority entrepreneurs, not only in the Bronx, but in all five boroughs.