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County Executive McCoy Announces Launch of County Microenterprise Grant Program

8/22/2016 12:55:44 PM

Albany County Executive Daniel P. McCoy today announced that the county has launched a new initiative that will provide training and financial assistance to small businesses, start-ups and entrepreneurial activities for low-to-moderate income county residents.

The county will work with the Capital Region Chamber to administer the program, which is possible due to the recent award of a $200,000 grant from the NY State Office of Community Renewal. The goal of the Microenterprise Grant Program is to provide direct assistance to start-up and small business entrepreneurs in Albany County. Awards range from a minimum of $5,000 to a maximum of $35,000. There are income limits for the program, which is targeted to low and moderate income business and businesses must have no more than five employees.   

Qualified applicants must meet the 2016 federal and state eligibility criteria, attend an Entrepreneurial Assistance Training Program, and must fall within the 2016 federally determined low to moderate income limits. In addition, the business must be located in a non-entitlement area in the county. Eligible communities include the City of Cohoes, the towns of Guilderland, New Scotland, Coeymans, Berne, Knox, Westerlo and Rensselaerville; and the villages of Green Island, Altamont, Voorheesville and Ravena.

For inquiries regarding program guidelines and application information, interested applicants may visit http://goo.gl/kVKh8L

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Albany County ExecutiveDaniel P. McCoy