GLENS FALLS — Entrepreneurs searching to start out a business in downtown have until March 12 to apply for funding as portion of the city’s Company Drive system.
The aggressive plan is part of the city’s $10 million Downtown Revitalization Initiative, and is developed to offer start-up corporations in search of to move into the city’s DRI district with deferred loans to assistance protect the fees of creating renovations, products and payroll, between other issues.
Companies in the DRI goal region wanting to develop can also use for funding as a result of the plan, which will fluctuate based mostly on the applicant’s requires.
“As the South Street redevelopment that is at the core of the city’s DRI will take condition, we normally envisioned a supporting application that would motivate business begin-ups and expansion options to fill house on South Avenue and other areas of the downtown,” Mayor Dan Corridor explained in a assertion.
Applicants ought to match 20% of their whole award in order to acquire funding.
Dollars simply cannot be used to go over the expenses expenses incurred as a consequence of the coronavirus pandemic, and nonprofit organizations are not suitable for the application.
Undertaking proposals ought to be submitted to the town by March 12 at 4 p.m.
These in search of to use can do so by emailing Amy Collins, the city’s director of tourism and enterprise improvement, at email@example.com.