The Chemung County is accepting applications from small businesses and start-ups for Microenterprise Assistance Program grant funding, provided by a Chemung County NYS Homes and Community Renewal CDBG award, and administered by Alternatives Credit Union.
Donor Name: Chemung County
State: New York
County: Chemung County (NY)
Type of Grant: Grant
Deadline: All Time
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
Eligibility requires that recipient businesses must either be owned by a low- or moderate-income person or, as a result of receiving the grant, create one or more full-time equivalent jobs for low-or moderate-income individuals.
Funding Information
Grants ranging from $10,000 to $25,000 are available to businesses.
Uses of Fund
Funds can be used for the following purposes:
- Machinery and equipment
- Furnishings and fixtures
- Inventory
- Operating costs and working capital expenses.
Eligibility Criteria
- Business Size: Must have five or fewer employees, one or more of whom must be owners of the business
- Business Structure: Eligible businesses include sole proprietorships, partnerships, corporations, limited liability companies (LLCs), or other legal forms of business
- Nonprofit Organizations: Nonprofits are not eligible to apply
- Start-ups: Start-up businesses are encouraged to apply
- Income Requirement: The business must either be owned by a low- or moderate-income person or, as a result of receiving the grant, create one or more full-time equivalent jobs for low-or moderate-income individuals.
For more information, visit Chemung County.
