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
NYS GUIDELINES FOR BUSINESS REOPENINGS
On May 18th, New York State issued detailed guidelines for the reopening of Phase 1 businesses, which are required to be adhered to prior to reopening during the COVID-19 Public Health Emergency. The state’s guidance, which can be found at https://forward.ny.gov/, includes: Summary Guidelines for employers and employees; Detailed Guidelines, which contain a Business Affirmation component; and a Business Safety Template, which must be completed and posted at the premises.
Chautauqua County Officials Announce Phase 1 Reopening Plans
“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.”
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.
TWO LOCAL COMPANIES CONNECT IN RESPONSE TO THE COVID-19 CRISIS
SKF Aerospace recently expressed a need to the County of Chautauqua Industrial Development Agency (CCIDA) to purchase masks for its 500 production staff due to the current COVID-19 pandemic. Meanwhile, the CCIDA had become aware that The Resource Center (TRC) was mass-producing fabric masks. In response to SKF’s request, the CCIDA contacted TRC on SKF’s behalf and was directed to contact Bruce Theuret, General Manager at Support Enterprises, Inc.
CCIDA EMERGENCY WORKING CAPITAL LOAN PROGRAM ANNOUNCED
In response to the COVID-19 crisis and the impact it is having on businesses throughout Chautauqua County, the County of Chautauqua Industrial Development Agency (CCIDA) is providing low-interest loans not to exceed $10,000 to businesses throughout Chautauqua County.
