Cortland County has recently announced that it has been awarded funding that will be able to provide assistance to eligible microenterprises that operate or wish to operate in the county.
The county and Thomas Development (who was hired by the county to administer the program) will be hosting a public meeting on Tuesday, September 12 to provide further information on the Microenterprise Program with a Q&A afterwards. The meeting will begin at 5:30 at the Cortland Area Chamber of Commerce at 83 Main Street in the City of Cortland, a Zoom meeting will be held the following day (Wednesday) at 3pm for those who cannot attend the meeting in-person.
“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.” Savannah Hempstead, Clerk of the Cortland County Legislature said in a release.
Eligible microenterprises are allowed to apply up to $35,000 that is to be used for equipment, furniture and fixtures, inventory, and some other “soft” costs.
For those that will not be able to attend the in-person meeting, but can attend the Zoom meeting, you will need to contact Ryan Harriott of Thoma Development Consultants by email Ryan@ThomaDevelopment.com or via phone at 607-753-1433.
Funding for the Microenterprise Program is provided under the Community Development Block Grant Program and is then administered by the NYS Office of Community Renewal.