City of Poughkeepsie Announces Stabilization Grants for Microenterprise Businesses Negatively Affected by COVID
City of Poughkeepsie officials are announcing a partnership with Community Capital New York in the administration of a $200,000 grant program to assist microenterprise businesses negatively impacted by COVID-19 virus.
The City of Poughkeepsie Microenterprise Stabilization Grant Program will provide grants of up to $10,000 to stabilize microenterprises and preserve low- and moderate- income jobs. A microenterprise is defined as a business with five or fewer employees, including the owner.
“The City is dedicated to the growth and welfare of our community and its economic success, and the survival of these small businesses is of paramount concern to us,” said Mayor Rob Rolison.
The funding for the program comes from the U.S. Department of Housing and Urban Development’s (HUD) Community Development Block Grant COVID/CARES Act (CDBG-CV). Applicants must show they are not duplicating other assistance provided via the federal CARES Act. Applicants also must provide records and information to demonstrate the preservation or creation of a low and moderate job as defined by HUD. Additional details, including the income requirements, and the application form can be found at: https://communitycapitalny.org/the-city-of-poughkeepsie-microenterprise-stabilization-grant-program/