The U.S. Small Business Administration has relief options and resources available to the small businesses across the nation that are impacted by the COVID-19 crisis.
CCIDA AWARDS $2.6 MILLION IN FEDERAL EDA FUNDING IN SECOND ROUND OF PROGRAM
The U.S. Economic Development Administration (EDA) officially announced on September 9, 2020, that the County of Chautauqua Industrial Development Agency (CCIDA) had been selected as the recipient of a $10.5 million grant through the CARES Act, which enabled the agency to establish a new Revolving Loan Fund (RLF). The intent of the RLF is to provide capital, in the form of low-interest loans, to both businesses and non-profit organizations as a means to respond to economic injury resulting from the COVID-19 pandemic.
SBA and Treasury Announce PPP Re-Opening; Issue New Guidance
The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers.
EMPIRE STATE DEVELOPMENT ANNOUNCES “RAISING THE BAR” RESTAURANT RECOVERY FUND
More Than $3 Million in Grant Funding Available through Financial Support Led by Diageo North America and Supported by Coastal Pacific Wine & Spirits, and implemented by the National Development CouncilEligible Restaurants Can Receive up to $5,000 to Assist with COVID-19 Safety Measures
COVID-19 Update: New Federal Pandemic Relief Package Signed
President Trump has now signed the COVID-19 relief package that was approved by Congress last week. An overview of important points for the local business community is provided.
CCIDA AWARDS $5.7 MILLION IN FEDERAL EDA FUNDING IN FIRST ROUND OF FUNDING
The CCIDA Board approved funding for 28 businesses and non-profit entities in the following sectors: manufacturing/warehousing; not-for-profits; retail/commercial/agriculture; small business; and tourism/hospitality. All said, $5,736,293 in funding was approved by the Board of Directors after a thorough review by the Loan Committee, which will, in addition to retaining hundreds of jobs, create upwards of 100 new jobs.
OUTDOOR ARTS, ENTERTAINMENT, AND AGRITOURISM DURING THE COVID-19 PANDEMIC
All businesses, including low-risk outdoor arts and entertainment, agritourism, farmers markets, and craft beverage producers must comply with industry-specific guidelines to reopen and to remain open during the COVID-19 Public Health Emergency. The State’s guidance, available at https://forward.ny.gov.
CCIDA AWARDED $10.5 MILLION IN FEDERAL FUNDING TO ESTABLISH NEW LOW-INTEREST REVOLVING LOAN FUND
The U.S. Economic Development Administration (EDA) officially announced on September 9th that the County of Chautauqua Industrial Development Agency (CCIDA) has been selected as the recipient of a $10.5 million grant through the CARES Act, which will enable the agency to establish a new Revolving Loan Fund (RLF). The RLF will provide capital in the form of low-interest loans to both businesses and non-profit organizations as a means to respond to economic injury resulting from the COVID-19 pandemic.
Community Development Block Grants
This program offers eligible small businesses grants of up to $20,000. The application window opens June 23, 2020, and all businesses are encouraged to apply as soon as possible as grant funds are limited.
County Executive PJ Wendel
County Executive PJ Wendel provides daily video updates about the COVID-19 Crisis and its impact on Chautauqua County. Follow the County Executive on Facebook to watch these updates LIVE.
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