Oneida County and Mohawk Valley EDGE have created a new microgrant program to help local small businesses buy real estate, machinery or equipment, or to use as working capital.
“This program will provide new job opportunities and keep existing jobs for microbusinesses and ultimately broaden the tax base of Oneida County,” said Oneida County Executive Anthony J. Picente Jr. “We look forward to partnering with EDGE to help these companies grow to their full potential.”
The Microenterprise Business Grant Program will distribute $5,000 to $35,000 in funding using grant money from the New York State Office of Community Renewal.
Grants are available to businesses involved in manufacturing, warehousing and distribution, agri-business, high-tech, research and development and traditional and innovative small business sectors. The businesses must also employ less than five people, including the owner.
To qualify, businesses must also be located within Oneida County but outside of the cities of Utica or Rome.
Eligible businesses must also meet the following criteria:
- Create or retain positions for people with low-to-moderate incomes.
- If no hiring is planned, businesses must meet the low-to-moderate income guidelines when applying.
- Businesses must show long-term viability based on feasibility, marketability, management, competition and capitalization.
For more information, or to apply, visit: www.mvedge.org.