Community Development
City Offers Microenterprise Funds
The City of Cortland was awarded a Microenterprise grant from the New York State Office of Community Renewal. A microenterprise is a business with five or fewer full-time or full- time equivalent employees, including the owner(s).
Microenterprises owned by individuals that are low-to-moderate in income, or those that will create jobs for low-to-moderate income persons are eligible to apply for funding that will be provided as a "grant". The funds can be used for a multitude of purposes including, but not limited to, the purchase of equipment, fixtures, software, or inventory; or for working capital; and other uses. There is a rating and ranking process established, which will assist the City in determining which projects will be funded.
For more information and an application, please contact the City's Community Development Consultants, Thoma Development Consultants, at 607-753-1433 or stop in at 34 Tompkins Street, Cortland, NY.
Revised 02-23-2011