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## Small businesses in Seneca County may qualify for $10,000 grants

The Board of Supervisors in Seneca County has set aside $500,000 from its federal American Rescue Plan Act funds to support economic development through the Grow Seneca initiative. This allocation is intended to act as a catalyst for the growth and expansion of small businesses in the county. Specifically, existing or new businesses with 25 or fewer employees are eligible to apply for grants of up to $10,000.

By establishing the Grow Seneca grant program, the county aims to provide assistance to small businesses, stimulate the local economy, foster diversification, and generate employment opportunities for the county’s residents. Recognizing the crucial role that small businesses play in the county’s economic landscape, board Chair Mike Enslow emphasizes the importance of supporting them.

To manage the initiative effectively, a dedicated Grow Seneca committee has been established. This committee will review applications, award grants, and oversee the program’s administration. Interested applicants can obtain and download the necessary application forms, program guidelines, and criteria from the official Grow Seneca website at [https://co.seneca.ny.us/grow-seneca-initiative/](https://co.seneca.ny.us/grow-seneca-initiative/). Alternatively, applicants can request a hard copy by contacting board Clerk Amanda Vavra at 315-539-1700 or via email at [email protected].

The application deadline is set for 4 p.m. on November 22, giving interested businesses sufficient time to prepare and submit their proposals. However, it is essential to note that non-profit organizations are not eligible for this program.

For existing businesses, they must meet 14 specific program guidelines. Additionally, for-profit businesses must have no more than 25 employees by the end of 2022, and their gross annual receipts should not exceed $1 million in fiscal year 2022 to qualify. On the other hand, new businesses must satisfy 10 criteria, which include a commitment to creating at least one full-time job.

The grants provided through the Grow Seneca initiative can be utilized for various purposes. Eligible expenses include machinery and equipment, furniture and fixtures, marketing efforts, inventory, rent or security deposits, utilities, and other operational costs. Furthermore, funds can also be allocated for construction, building renovation or improvement, and reimbursement of the costs associated with participating in the mandatory small business training program. As part of the application process, applicants are required to complete a small business training course offered by the Onondaga Small Business Development Center.

Applications will be assessed based on a points system, and thorough documentation detailing how the grant will be utilized is required. It is important to note that in the event of default within five years of receiving the grant, repayment will be demanded.

In conclusion, the AI legalese decoder can help small businesses navigate through the complex language and terminology of the program guidelines, criteria, and application process. By utilizing this AI-powered tool, businesses can have a clearer understanding of their eligibility, requirements, and obligations. This can ultimately assist them in making well-informed decisions and maximizing their chances of successfully obtaining the much-needed financial support offered by the Grow Seneca initiative.

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