Long Lake NY In Business, Grant Funding for Microenterprise
All winter long you’ve thought about what you could do to get a little extra cash in your pocket and start the business you’ve always dreamed about. Maybe you want to make your own beer and sell it locally, or you are an excellent furniture maker or you want to do a retail business. Whatever kind of business you want to start, this is your chance to educate yourself and find out new ways to get started and have a support system in place to keep you on track.
The Hamilton County Economic Development Office will be hosting an informational session on 2012 Microenterprise Grants on Monday, April 30th, 2012 at the Long Lake Town Hall, 1204 Main Street, Long Lake, NY at 7pm. Grant funding is available for entrepreneurs seeking to create jobs and small businesses in Hamilton County.
Hamilton County Economic Development is seeking small entrepreneurial businesses to apply for funding for a new business or an already established business with five employees or less. Criteria to apply for the grant range from specific proof of low to moderate income for Hamilton County ($47,840 for household of 4) or the ability to show that the business created at least one job for a low to moderate income household. (Per NYS and Federal Requirements)
With a grant application other requirements include filing a grant application, compliance and ongoing documentation of the funding used for your business. It will be ongoing with an application for funding. Other specific criteria for this grant and more information is available at hamiltoncounty.com and click on Economic Development and Microenterprise Grants Quick Facts. It outlines eligibility, criteria and funding opportunities.
Funds are available for machinery, furniture, fixtures, inventory and equipment, or capital to purchase real property. Construction and remodeling are not eligible for funding. This is not a loan program, it’s a grant program. You have to pay back the money if you do not fulfill the obligations of the grant, but there are obligations including education, filing documentation, background credit checks and a business plan are required to prove an on-going commitment to this unique and exciting economic program.
The goal of the microenterprise program is to create jobs and to sustain jobs, and it’s a partnership between private enterprise and government. While funding is available, the applications are competitive and training is imperative to set yourself up in a business that can succeed. All applicants are accountable and responsible to follow through on the obligations of their application.
Grants are available ranging from a minimum of $5000 and cannot exceed 90% of the total cost of the project. The total funding available to disperse in Hamilton County is $164,000.
What do you have to do? Come to the meeting, apply for the grant and take 8- two hour entrepreneur training sessions – FOR FREE. 16 hours. It’s a lot of work, but the pay off can mean a new future for you and your family.
The life skills you receive from a 16 hour course will be useful, not only for starting your new business, but learning tangible business and marketing skills to help you in all areas of your life, managing your home finances, and to dispel the fear and myth about doing business in New York State.
The training is a great guide to help you avoid common pitfalls associated with starting a new business. Receive practical skills, how and why to write a business plan and generate new ideas about how to make it succeed.
Does a business plan have to be perfect? No, it’s a projection, it’s a goal. You’ll learn how to market your business effectively, learn about opportunities for additional funding, meet other entrepreneurs who may just offer some insights and a fresh point of view to benefit your business.
If you apply, what’s the commitment? The commitment is for the entire grant period. The work doesn’t end after finishing entrepreneurial training, that is when it begins. You will have to follow the guidelines of the grant, provide documentation for hires and business expenses. But DON’T LET THAT SCARE YOU OFF! Blood sweat and tears is part of the game. Establishing a new business today can give you greater opportunity in the future.
Come out to the 2012 Hamilton County Microenterprise Grant Informational Meeting on Monday, April 30th at the Long Lake Town Hall at 7pm.
If you’re in business, you’ve just created a job! In Hamilton County, that’s a huge deal. Success equals survival!
Don’t be put off by the hard work and investment it will take to procure these funds. This is an opportunity to make your dream come true and to give back to your community by investing time and commitment into your business dream. Nothing is free, and yes there are hoops and obstacles, but take the first step and come on out and find out if you can make it work for you.
For more information on Microenterprise Grant Funding check out hamiltoncounty.com and click on Economic Development and then Microenterprise Grants Quick Facts.
Come out, be a part of the growth to reinvigorate and reinvest in the future of Long Lake.