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.
Chautauqua Opportunities for Development (CODI)
CODI provides micro-loans, business consulting, and business start-up training to help local businesses grow and invest in our community.
FY2021 Area Development Grant Program
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.
CCIDA EMERGENCY LOAN FUND PROVES A HUGE SUCCESS
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.
CCIDA CREATES GRANT PROGRAM TO ASSIST BUSINESSES IN PURCHASING PPE EQUIPMENT AND IN RECONFIGURING THEIR WORKSPACE
In response to New York State Governor Andrew Cuomo’s mandate that all essential businesses must provide for the health and safety of their employees during the COVID-19 crisis, Chautauqua County, the County of Chautauqua Industrial Development Agency (CCIDA), the Chautauqua Region Economic Development Corporation (CREDC), Jamestown Community College (JCC), and the local foundations have teamed up to provide 50/50 matching grants to businesses throughout Chautauqua County.
Coronavirus Manufacturing Grant from FuzeHub
Six companies will share in a total of $400,000 in grant money available to produce N95 masks and manufacture ventilators.
Open for Small Businesses
The Washington Prime Group and Partners create the Open for Small Businesses Initiative. As many small businesses have been closed during the Coronavirus pandemic, these local entrepreneurs are increasingly finding it difficult if not impossible to currently pay operating expenses such as payroll, insurance, utilities, loan interest, inventory and, of course, their rent.
THE OGDEN NEWSPAPERS Community Marketing Grant
Ogden Newspapers has established a $1,000,000 grant fund to assist locally owned businesses with marketing during this challenging situation. As a family owned business, we are committed to supporting our local partners and helping them reach customers and relaunch their business.
