Ticonderoga is seeking a grant to assist small businesses in the community. The Ti town board has asked the Ticonderoga Revitalization Alliance to write and, if successful, administer a “micro-enterprise” grant on behalf of the town.
Ticonderoga is seeking a grant to assist small businesses in the community.
The Ti town board has asked the Ticonderoga Revitalization Alliance to write and, if successful, administer a “micro-enterprise” grant on behalf of the town.
“I’m pleased to announce this partnership with the alliance,” Deb Malaney, town supervisor, said. “We created the alliance to lead economic development initiatives in Ti, and this is exactly the kind of program we need to support the creation and expansion of small businesses in Ticonderoga."
If successful, the grant will provide assistance to “micro-enterprise” businesses, those with the equivalent of five or fewer full-time employees. Assistance would be in the in the form of deferred payment loans of up to $35,000 that would be completely forgiven over a period time. Applicants will need to provide at least 10 percent equity or match. The grant funds can be used for any justifiable business purpose including purchasing equipment, inventory or working capital.
“Hopefully we’ll get funded, and be able to use the program to create jobs, expand the tax base and stimulate investment in Ti,” said Dave Iuliano, town board and alliance member. “And while priority funding will be given to businesses that lease space in vacant storefronts in the village (hamlet), project funding will be available to start or expand small businesses anywhere in town.”
J. Justin Woods, alliance president and CEO, is asking local residents and businesspeople to support the grant application.
“Anyone with an existing business or new business idea, please send us a letter of interest to support the grant application by June 29,” he said.
Letters of interest or support should be sent to the Ti-Alliance at PO Box 247, Ticonderoga 12883 or by Email to email@example.com. Letters can also be dropped off at the alliance office at 111 Montcalm St. or the Ticonderoga town clerk’s office in the Community Building.