After applying for a New York State Community Development Block Grant from the Community Renewal Fund, Essex County was successful in obtaining $200,000 to create the Southern Essex County Microenterprise Program.
The Microenterprise Grant Program (MGP) will provide grants to eligible expanding or start up microenterprise businesses in Moriah, Crown Point, and Ticonderoga. This program will enable the growth of locally-owned private sector businesses and will also provide training and financial assistance to entrepreneurs, existing businesses and startups that will create jobs for low-to-moderate income individuals.
According to a recent press release by the Essex County Industrial Development Agency, “a microenterprise is a business that employs or will employ no more than five persons, including the business owner or owners.” In order to be eligible for a grant through the MGP, a business must meet a low-to-moderate income test and a number of other income-related criteria.
A Southern Essex County Microenterprise Training Program will be held on Saturday, April 25 from 8:30am – 4:00pm at the Ticonderoga Community Building and is mandatory for all grant applicants. Pre-registration is encouraged.
Those businesses that are successful in receiving funds from the MGP may use them to purchase equipment, furniture & fixtures, and inventory or to cover operating expenses, marketing, and working capital and start up costs.
For more information on the MGP, please contact the Essex County IDA at 518-873-9114.