New grant program for small businesses
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BINGHAMTON, N.Y. -- Small businesses will be getting some help from Broome County. The county won a $200,000 grant from the state Housing Trust Fund Corporation and Home and Community Renewal office.
The money will be given out in amounts ranging from $5,000 to $35,000 to small businesses and startups that meet certain eligibility requirements. Businesses in the city of Binghamton and Town of Union are not eligible for the funding because they already receive Community Development Block Grant Funding.
The County Executive and the Economic Development Commissioner say the grant will help businesses grow and will provide new job opportunities, particularly in rural areas of the county.
"Elaine has been out there, I've had her out there meeting with different people in the small areas of the county, like Deposit and Windsor, to find out what do you need and how can we help you. And what we are undertaking today in this grant is so important to those areas," said Debbie Preston, (R) Broome County Executive.
The county will accept applications on a rolling basis until all the money is given out.
For more information, call the Economic Development Department at (607) 778-2114.