PPP Update The SBA has issued the Paycheck Protection Program loan forgiveness application. There is also a new “EZ” version of the loan forgiveness application that applies to borrowers who: • Are self-employed and have no employees; OR • Did…
SBA Reopens Loan and Grant Program The SBA has reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance Program portal to eligible applicants experiencing economic impacts due to COVID-19. SBA’s EIDL program offers long-term, low interest assistance for small…
Schenectady, N.Y., June 17, 2020 — The Capital Region Land Bank Board last night approved adding two more blighted buildings to its current demolition contract. “The most recent fifteen demolitions completed by the Land Bank went so smoothly that we…
Phase 3 Reopening The Capital Region is scheduled to begin Phase 3 this Wednesday, June 17th. To see complete Phase 3 guidelines and an updated list of industries, click here. Eligible businesses must complete a safety plan to be kept…
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…