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Small Business Assistance Program is a grant from HUD via the City of Schenectady that funds local small businesses impacted by the COVID-19 pandemic through Community Development Block Grant (CDBG-CV) stimulus funding authorized under the CARES Act.
Since October 2020, the program has awarded $300,000 in grants and technical assistance to 42 local small businesses, administered in partnership with the Community Loan Fund of the Capital Region. Grants help businesses adapt to pandemic-related challenges. Eligible applicants are businesses located within the City of Schenectady with 10 or fewer employees that have suffered at least a 25% loss in revenue since COVID.
Applications are reviewed on a rolling basis until funds are exhausted.
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Small Business Assistance Program Small Business Assistance Program Economic Recovery: Small Business Assistance Program Grant Application Click Here: Application Form In response to the COVID-19 pandemic, the U.S. Department of Housing and Urban Development (HUD) provided the City of Schenectady with Community Development Block Grant (CDBG-CV) stimulus funding under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to prevent, prepare, and respond to the impact of the COVID-19 pandemic.
Since October 2020, in partnership with the Community Loan Fund of the Capital Region, the City of Schenectady's Small Business Assistance Program has awarded $300,000 in grants and technical assistance to 42 local small businesses impacted by the COVID-19 pandemic. The program offers small business grants to help businesses adapt to the challenges of pandemic.
Applications are reviewed on a rolling basis for maximum flexibility as funding is made available. To be eligible for the grants, businesses must be located in the City of Schenectady, must employ 10 people or less, and have suffered a 25% loss in revenue since COVID.
The program will also prioritize businesses owned by people of color, immigrants, and women, which have weaker access to banking systems and financial support and also businesses that have not received support from federal programs such as the Small Business Administration’s Economic Injury Disaster Loan or the Paycheck Protection Program.
For additional information on the program or questions related to the application process, businesses may contact Sylvia Jimison, Department of Development, by email at sjimison@schenectadyny. gov or by phone at (518) 382-5199 ext. 5388.
According to the current listing, eligibility includes: Businesses located in the City of Schenectady, employing 10 people or less, and having suffered a 25% loss in revenue since COVID. Confirm the full requirements in the official notice before applying.
The current listing shows not specified, $300,000 awarded since October 2020. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Small Business Assistance Program is funded by U.S. Department of Housing and Urban Development (HUD) via City of Schenectady. Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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