Chemung County Microenterprise Assistance Grant Program

Chemung County Microenterprise Assistance Grant Program is sponsored by Chemung County, New York. Provides grants to small businesses and startups in Chemung County, New York, supporting the startup and growth of self-employment and microbusinesses.

Microenterprise Assistance Program | Chemung County, NY Projects, Programs, & Initiatives Microenterprise Assistance Program Microenterprise Assistance Program The County of Chemung will hold a public hearing on May 4 th and 6:55PM at the Chemung County Legislative Chambers, 5th Floor, Hazlett Building, 203 Lake Street, in Elmira, New York, for the purpose of hearing public comments on the County of Chemung’s current Community Development Block Grant (CDBG) project: #225ME540-23, Chemung County Microenterprise Assistance Program, $300,000.

The CDBG program is administered by the New York State Office of Community Renewal (OCR), and provides resources to eligible local governments for housing, economic development, public facilities, public infrastructure, and planning activities, with the principal purpose of benefitting low/moderate income persons. The hearing will provide further information about the progress of the ongoing CDBG project.

Comments related to the effectiveness of administration of the CDBG project will also be received at this time. The hearing is being conducted pursuant to Section 570. 486, Subpart I of the CFR and in compliance with the requirements of the Housing and Community Development Act of 1974, as amended.

The location of hearing is accessible to persons with disabilities. If special accommodations are needed for persons with disabilities, those with hearing impairments, or those in need of translation from English, those individuals should contact Alison Herman at aherman@chemungcountyny. gov, at least three days in advance of the hearing date to allow for necessary arrangements.

Written comments may also be submitted to the office of the Chemung County Executive, PO Box 588, Elmira, New York 14902 or by email to the Chemung County Planning Commissioner at dmccormick2@chemungcountyny. gov until May 4 th , 4:00PM.

Chemung County through Alternatives Federal Credit Union (Alternative FCU) is offering a Microenterprise Assistance Program (MAP) to support small businesses within the county (excluding the City of Elmira). This program is designed to assist with the creation and expansion of small businesses and foster job creation for low- or moderate-income individuals. What Assistance is Available?

Grant Amounts: Grants ranging from $10,000 to $25,000 are available to eligible businesses. Grant Uses: Funds can be used for the following purposes: Operating costs and working capital expenses Restrictions: Grants may not be used for: Equity Contribution: A 10% equity contribution from the business is required. Business Size: Must have five or fewer employees, one or more of whom must be owners of the business.

Business Structure: Eligible businesses include sole proprietorships, partnerships, corporations, limited liability companies (LLCs), or other legal forms of business. Nonprofit Organizations: Nonprofits are not eligible to apply. Start-ups: Start-up businesses are encouraged to apply.

Income Requirement: The business must either be owned by a low- or moderate-income person or, as a result of receiving the grant, create one or more full-time equivalent jobs for low-or moderate-income individuals. Other Program Requirements Location: The business must be located in Chemung County, but not within the City of Elmira.

Entrepreneurship Training: Before receiving a grant, the business owner must complete an entrepreneurship training course offered by Alternatives FCU. This course will be available once businesses are selected for the program. Business Plan: Applicants must submit a detailed business plan that includes: Historical Financial Statements (if available) Financial Projects for the Business Application period has closed.

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