PPP Program Changes Approved Major changes in the SBA’s Paycheck Protection Program were approved late last week. The SBA will issue revised guidelines shortly. One of our major concerns with the program was the requirement that 75% of loan proceeds…
DSIC and Partners Present a Week of Arts Activities, June 6-13 (Schenectady, NY, June 3, 2020) – The Downtown Schenectady Improvement Corporation (DSIC) is partnering with the ElectriCity Arts & Entertainment District and other local organizations this month to present…
The Capital Region, including Schenectady County, hope to enter Phase 2 of the reopening process this week. The target date for Phase 2 reopening is Wednesday June 3rd. The Governor’s Office has released the guidelines and business safety templates for…
Webinar Friday 5/29 on New York Forward Loan Fund The New York Small Business Development Center will be hosting live webinars reviewing the New York Forward Loan Fund on Friday, May 29th. See link below for more information and to…
New York State Loan Fund Empire State Development, New York State’s economic development agency, will begin taking applications today at noon for a new loan fund designed to help businesses reopen. The New York Forward Loan Fund (NYFLF) is a…
Unemployment Insurance update In prior updates, we have encouraged business owners and their employees to take advantage of enhanced Unemployment Insurance benefits. To avoid payment delays please be sure to certify your claim each week. This step is required to…
The State has published a dashboard to track the public health data regions must meet to reopen here. The Governor’s office has released guidelines and business safety templates for industries allowed to begin reopening in phase one. As of Friday, May…
Traffic alert for those traveling in and around Downtown Schenectady during the week of May 11, 2020: Starting on Monday, May 11th, 2020, Nott Street between Park Place and Maxon Road will be closed to all traffic for a period…
Congress has approved over $300 billion in additional funding for the SBA’s Paycheck Protection Program (PPP). The Program helps small business owners and not-for-profit organizations maintain payroll and employees by offering loans that turn into grants if program requirements are completed. …
Schenectady, N.Y, April 22, 2020 — The Schenectady City Council gave preliminary approval Monday night to a lease that will help Paragon Energy Solutions expand in downtown Schenectady. Final approval is expected at the City Council meeting next Monday, April…