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HomeMy WebLinkAboutJ - 10 Cortland County Microenterprises Grant Program CORTLAND COUNTY 60 Central Avenue Cortland NY 13045 Savannah Hempstead Public Information Officer FOR IMMEDIATE RELEASE: August 22, 2023 Savannah Hempstead, Public Information Officer shempstead@cortland-co.org 607-753-5048 Cortland County Recently Awarded Microenterprise Program Accepting Applications Cortland County, New York – Cortland County applied for and received funding this year that will provide assistance to eligible microenterprises operating or wishing to operate in the County. The County hired Thoma Development Consultants of Cortland, to administer the Program through an RFP process. The County and Thoma Development will hold a public meeting on Tuesday September 12, 2023 to provide information about the Program, followed by a question and answer period. The meeting, which will begin at 5:30 PM, will be held at the Chamber of Commerce Building, 83 Main Street, in Cortland. A Zoom meeting will be held Wednesday at 3 PM for those that cannot make the in-person meeting. Savannah Hempstead, the Clerk of the Cortland County Legislature, is the County’s grant contact. She described the Program as, “An important economic development tool for very small businesses (those with five or fewer individuals, including the owners), that typically do not have access to traditional financing. The Program’s mission is to facilitate economic opportunity for low-and-moderate income individuals or businesses through assistance to lower income business owners or through job creation for lower income individuals.” Ms. Hempstead went on to note that, historically the funding has been very competitive. She stated, “Given the competitive nature of the Program I would encourage anyone that feels it might be a useful resource to attend one of the meetings. You can access Program materials on the County’s website at www.cortland-co.org. As you will see from the materials, both existing microenterprises seeking to expand and start-ups can apply for the funds, which can be used for a multitude of purposes. More detail will be provided at the September 12th meeting, but I encourage anyone that might be interested to start the application process now as the first deadline is scheduled for October 27th.” Cortland County is looking forward to receiving applications that will provide new jobs or opportunities in the County. “I am excited that this assistance is available to our small business community. Small businesses are the backbone of our economy and have always been important component in a community’s economic health. Eligible microenterprises can apply for up to $35,000 to be used for equipment, furniture and fixtures, inventory, and some soft costs”, said Ms. Hempstead. For a link to the Zoom meeting, please contact Ryan Harriott by email at Thoma Development Consultants, Ryan@thomadevelopment.com, or by phone at 607-753-1433. Funding for the Microenterprise Program is provided under the federal Community Development Block Grant Program (CDBG), which is administered in New York State by the NYS Office of Community Renewal (OCR). ###