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Franklin County Small Business Grants

Franklin County Small Business Grants – Economist Christophe Barraud has been ranked as the most accurate forecaster of US economic data for eight consecutive years. And according to Business Insider, he made a rather bleak prognosis for the US economy. Barraud predicts that the United States will not return to its fourth-quarter 2019 GDP of 2.1% until at least 2022. European countries are unlikely to recover until 2023. The global economy could drag even further from the US presidential election, and a possible second wave of the pandemic. It will take a long time for life to return to normal. Christophe Barraud Chief Economist, Securities Market

The Franklin County Area Development Corporation (FCADC), in cooperation with the Franklin County Board of Commissioners, created the Small Business Recovery Grant program to provide funding to eligible small businesses in Franklin County that have been impacted by the crisis COVID-19, according to a news release. released on Thursday.

Franklin County Small Business Grants

Franklin County Small Business Grants

About $3 million of the county’s $14 million federal CARES allocation is available for the program. The maximum grant amount for each small business will be $50,000.

Round 3 Open: Franklin County Small Business Recovery Fund Grants

Applications will be available on the FCADC website ( beginning Monday, August 10. Applications will also be available through the Chambersburg, Waynesboro, Shippensburg, Greencastle and Tuscarora Chambers of Commerce, as well as Mainstreet Waynesboro.

Applications can be submitted directly to the FCADC office, any Chamber of Commerce located in Franklin County, or Mainstreet Waynesboro, according to the release.

Grant applications will be accepted until the close of business on Friday, August 21, at which time they will be reviewed with a view to making recommendations to the commissioners for funding.

To qualify for funding, a business must have been established on or before May 1, 2019, operate for profit, be physically located in Franklin County and have fewer than 100 full-time employees. For more specific information, program guidelines are posted on the FCADC website.

Emergency Response Funds

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Carley Bonk is a Watchdog reporter for the USA Today Network – Pennsylvania. Its coverage extends throughout the south central region of Pennsylvania. He can be reached at [email protected] or on Twitter at @carls_marie. Growing a successful business starts with a strong set of financial resources. In Franklin County, these loan and grant resources are your right. We know that getting access to the right financing can make a world of difference to your company, and we’re here to ensure your success with access to local loan financing and grant opportunities. To learn more, visit the funding resources pages below.

Microenterprise Program The purpose of this program is to provide working capital grants to microenterprise businesses that will directly benefit low- to moderate-income workers. Learn more

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Franklin County Small Business Grants

Revolving Loan Fund The purpose of this fund is to help businesses create and maintain jobs, and will provide loans for real estate, equipment, machinery, inventory and working capital. Learn more

Gifts Of Kindness

Tax-exempt bond financing The purpose of this financing is to assist colleges, medical and research facilities, libraries and other non-profit organizations. and tax-exempt bond financing needs. Learn more

Saranac Lake Energize Downtown Fund This fund provides matching grant funds for commercial and mixed-use properties in the Saranac Lake DRI Target Area. Learn more

Tupper Lake Hamlet Revitalization Fund This fund provides grant funding for commercial and mixed-use properties in Tupper Lake’s two traditional business districts. Learn more

Want to learn more about doing business in Franklin County? Contact our team for more resources and answers to your questions.

Covid 19 Grants And Loans Opportunities

Ready to move to Franklin County, NY? Stay up to date with the latest information from the Franklin County Economic Development Corporation. Women and minority entrepreneurs can take advantage of newly announced Ohio State and Franklin County grant and loan programs.

The Franklin County Community Capital Fund is supporting black and brown-owned small businesses through the coronavirus pandemic with stabilization grants of up to $10,000 each and start-up grants of up to $5,000 each.

Applicants who meet the program’s requirements are also eligible for an additional $1,000 per W-2 employee (up to $5,000 each).

Franklin County Small Business Grants

Grant applications are open through Nov. 8 and can be found on the Columbus Urban League website,

Columbus Announces $8 Million In Grant Funds For Small Businesses

The fund was created by the Franklin County Business Equity and Growth Alliance, a partnership between the Franklin County Board of Commissioners, One Columbus and the Columbus Urban League. The Board of Commissioners invested $1,000,050 in federal funds in the 2021 American Help Plan Act.

“We have already received more than 3,500 applications for additional small business grants, requests over $20 million,” said Stephanie Hightower, President and CEO of the Columbus Urban League. “This overwhelming demand is an exciting way to underscore how black entrepreneurs want to be part of an inclusive economy, one where all businesses thrive and serve all races.”

Stabilization grants, known as open door grants, are available to Franklin County businesses with up to 25 employees who started their business on or before October 7, 2019.

Start-up grants, known as New Ventures grants, are available to Franklin County businesses with up to 25 employees that began operations between October 8, 2019 and September 7, 2021.

Retoolnc Grant Funds Available For Eligible North Carolina Businesses

Earlier this month, Governor Mike DeWine and Lt. Governor Jon Husted announced two new loan programs to benefit both minority and women-owned businesses in Ohio.

The Women’s Business Enterprise Loan Program offers loans between $45,000 and $500,000 each—at or below market rates and currently as low as 3%. Eligible businesses must be certified as a Women-Owned Business Enterprise (WBE).

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The Ohio Micro-Enterprise Loan Program offers loans between $10,000 and $45,000 each at a 0% interest rate. Eligible businesses must be certified as a WBE or minority-owned business enterprise (MBE).

Franklin County Small Business Grants

“Governor DeWine and Lt. Gov. Husted have made it clear since the beginning of their administrations that everyone must share in Ohio’s success,” development director Lydia Mihalik said in a news release. “These loans will provide a bridge to success for many minority- and women-owned businesses across the state.”

Franklin County Downtown Storefronts Getting Makeovers In 2020

The Women’s Enterprise Loan Program was written into the last $74 billion state budget by $10 million. The Ohio Women’s Coalition has helped advocate for more financial support for women-owned businesses through meetings with government officials, including Mihalik.

“When the budget came out and I saw that $10 million loan (fund), I almost fell out of my chair,” Rachel Winder, the founding executive director of the Ohio Women’s Coalition, said in a previous interview with . “I didn’t know it was going to be involved for sure. So we’re very excited.”

According to the guidelines, the loans will be repaid within 10 years for equipment and vehicles and 15 years for owner-occupied real estate.

The Ohio Micro-Enterprise Loan Program was also written into the state budget by $10 million. These loans will be repaid within five years for fixed working capital and seven years for equipment. The COVID-19 Emergency Response Fund was established in March 2020 to support nonprofit organizations as they responded to the spread of the coronavirus in our community. Thanks to the care and generosity of donors, in 2020, more than $7 million in emergency funding was awarded to Franklin County nonprofits. The application period for the COVID-19 Emergency Response Fund ended on September 7, 2021.

Business Resources (covid 19)

While the Foundation is committed to supporting nonprofits responding to the ongoing effects of the virus, it has expanded its emergency response efforts to prioritize two other areas: digital equity and youth.

The COVID-19 Emergency Response Fund was established to assist nonprofit organizations in Franklin County that have been directly impacted by and are responding to the spread of COVID-19 in the community. The funds support organizations that respond to the needs of marginalized communities or populations.

The Emergency Response Fund – Digital Equity was established in 2020 to fund increased broadband access, improved digital literacy and strengthened school learning. By supporting opportunities to access the “fourth utility” in broadband, this fund seeks to increase digital capital and reduce the digital divide.

Franklin County Small Business Grants

The Youth Emergency Response Fund was established in 2021 in recognition of the challenges facing young people today. The fund supports non-profit organizations that serve young people, emphasizing need and equality of opportunity.

Pa. Small Businesses Getting $267.8 Million In American Rescue Plan Funding

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