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.
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.
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.
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 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.
This new website features businesses, bars, restaurants and activities that are currently OPEN in Chautauqua County, NY.
“Businesses must go to the NY Forward Website and electronically sign the detailed guidance documents, after they’ve read them for their business type, before they can reopen,” said Mark Geise, Deputy County Executive and CEO of the County of Chautauqua Industrial Development Agency (CCIDA). “They also need to complete the business guidance template, print it out, and keep it close at hand at their business location in case of an inspection by the NYS Department of Health, or local health or safety authorities.”
CODI provides micro-loans, business consulting, and business start-up training to help local businesses grow and invest in our community.
Southern Tier West Regional Planning and Development Board is now accepting Letters-of-Interest for the Area Development grant program funded by the Appalachian Regional Commission Letters-of-Intent will be for project activities beginning in Federal FY2021.
The Chautauqua County Industrial Development Agency (CCIDA) was successful in expeditiously establishing and implementing an emergency working capital loan program to benefit Chautauqua County businesses that have been negatively impacted by the Coronavirus. The CCIDA quickly obtained approval from the US Economic Development Administration to implement the program, and $250,000 was allocated to the fund a little over a month ago.