COVID-19 Related Funding Programs:

Paycheck Protection Program:

These local banks processed nearly 200 PPP applications last summer, contact one today:

  • Bank of Richmondville (Steve Palmer: 518-234-4397)
  • Bank of Coxsackie (Jamie Casterlin: 518-827-3333)
  • Key Bank  (Denise Fissell: 518-218-2260)
  • NBT (Geoff Rightmeyer: 1-800-NBTBANK)

FEATURED AT THE RECOVERY ROUNDTABLE

Access to Capital Links

  • FREE recovery resources provided one-one-one at the Small Business Development Center (SBDC) at University of Albany:
    • Market Research assistance, Pivoting Playbook, Prepping for a Potential Business Opening Rollback, and Developing Digital Marketing & Sales Strategies.
    • Register for FREE recorded programs or other webinars coming soon here.
    • Schedule your FREE Business Wellness Check with a certified business advisor
  • Other Roundtable resources shared:
    • Talk to your banker, they know best how to support your business through the next season. Bank of Coxsackie tips HERE.
    • Does your organization need to upgrade technologies to reach your customers, enable employees to work remotely or improve access with your supply chain?  Borrower friendly loans and negotiated digital deals are now available!
      • Empire State Development (ESD) has a host of offerings: low interest NYForward loans, alternative lending programs and negotiated terms with online e-commerce platforms to accelerate small business digital strategies. (We recommend you preview the SBDC webinars above to determine the best platform for your business and then approach ESD to take advantage of the digital deal!)

As a business owner, there are a multitude of funding tools available to you. SEEC is able to help you navigate the process of figuring out which “tools” are right for your enterprise: 

  • Access to Capital … SEEC can help your business access other available grants and financing in which your enterprise may be eligible.
  • Grantsmanship … SEEC associates are well-versed in dozens of economic development programs and has demonstrated success in securing grants and administering projects to successful close-out compliance.
  • Municipal Collaboration … SEEC serves as a liaison between businesses and local governments helping to navigate local policies and procedures so that projects and/or developments may cooperatively advance.
  • Tax Incentives …. SEEC associates can provide assistance in identifying meaningful tax incentives for your business operations or new developments.
GRANTSMANSHIP

SEEC associates are experienced funding program specialists with extensive knowledge of state and federal resources available. SEEC associates will assess a project for readiness and match your initiative with suitable funding.  SEEC works with both business owners and the municipality to prepare a budget, schedule, and scope of work. While SEEC has knowledge of many funding resources, SEEC is particularly adept at the NYS Homes & Community Renewal Community Development Block Grant (CDBG) program that rewards job creation and expansion.

ARC – Regional Independent Food Processing 

Last fall, in response to COVID-crisis food supply chain weaknesses, family-owned farm bankruptcies and devastated rural economies, SEEC submitted an Appalachian Regional Commission (ARC) grant application to fund the development of a business plan to serve as a roadmap establishing a profitable, sustainable, state of the art independent food processing facility. The business planning project is estimated at $55,600, grant funds would match local contributions to hire a skilled consultant that would write the plan intended to maximize farm profits, increase agriculture jobs, and improve access to local and regional food markets. Award announcements are anticipated in the spring of 2021.

EDA SPRINT Challenge – Resiliency Innovation Zone for Entrepreneurs (RIZE) 

In early December 2020, SEEC submitted a $300,000 FY 2020 Scaling Pandemic Resilience Through Innovation and Technology (SPRINT) Challenge grant request. The United States Economic Development Agency (EDA) was seeking applications from eligible organizations working to rapidly address the economic, health, and safety risks caused by the coronavirus pandemic through entrepreneurship and innovation. SEEC rose to the challenge and rapidly pulled together an innovative, competitive application focused on human capital, innovation funding, technology and cooperation. Combining local and federal resources, RIZE innovators will be able to confront threats of the 21st century, reimagine traditional industry practices and prove innovation is no longer exclusive to big cities. Awards will be announced in the spring of 2021.

NY Main Street Town of Jefferson Hamlet Gateway 

In January 2021, SEEC submitted a $380,083 New York Main Street Program grant request in partnership with the Town of Jefferson and its Main Street property owners. SEEC highlighted a strong local commitment of $194,647 to match state funds for a total investment of $574,730 in the revitalization of historic downtown Jefferson. Funds will be used to assist in the renovations of at least four (4) commercial buildings delivering one (1) new affordable loft apartment and upgrading four (4) residential units. In response to the Covid-crisis, private property owners and the Town may also undertake a proposed $156,790 streetscape improvement project expanding access to public WIFI and introducing more public outdoor gathering places in the Jefferson Hamlet. The Main Street Target Area links the Town Green to the Jefferson Central School passing the State Route 10 intersection. Grant awards will be announced in the spring of 2021.

IEDC COVID-19 Technical Assistance

​In November 2020, SEEC submitted a Request for Technical Assistance to the IEDC for no-cost technical assistance from economic development professionals to define a more sustainable technology-led economic development strategy for Schoharie County. COVID has reinforced the notion that digital strategies are paramount for existing businesses, yet due to COVID, an equally urgent desire has developed to retain and attract a more of creative class professionals that have recently fled nearby metropolitan areas.  With IEDC assistance, SEEC proposes to develop a strategy to serve newly established professionals and intentionally attract more tech-based businesses by fostering strong networks of business service providers, improving telecommunications infrastructure, and helping local firms access the most recent innovations in technology to strengthen their businesses and increase profitability.  As a rural community, with new economic development leadership, strong agricultural and industrial roots and two recently designated Opportunity Zones, Schoharie County economic development efforts would benefit significantly from this timely opportunity. Our region stands to benefit from efforts to focus on the power of technology-led economic development in our rural setting and IEDC will both guide and lend credibility to these initiatives. If selected, our community would engage with IEDC for a 15-month period, including a technical assistance engagement with an economic development expert, and three check-ins with IEDC staff. The end result will be a technical assistance report and recommendations for the regional Comprehensive Economic Development Strategy (CEDS).  

CDBG-ED Assistance to Sauvage Beverages

Award winning Sauvage Beverages has moved its operations to Charlotteville, NY in Schoharie County and will significantly increase its production capabilities by acquiring new equipment including but not limited to a new still and steam boiler to drive the new still, and additional tanks to be used for fermentation.  Working capital will be used to increase bottle and label inventory to meet the needs of the increase in production.  Four (4) full time jobs will be created during the project. SEEC and the Town of Fulton partnered in August 2020 to submit a winning $100,000 Community Development Block Grant (CDBG) Economic Development application to fund this project. 

 

Regional Funding Programs:

Community Loan Fund

Mohawk Valley Economic Development District (MVEDD)

Broome County IDA program serves Schoharie County

NYS Funding Programs:

Empire State Development

Department of Environmental Conservation (DEC)

  • Brownfield Opportunity Program (BOA)
  • Climate Smart Communities & Smart Growth Grants

NYS Homes & Community Renewal (OCR)

Office of Parks, Recreation & Historic Preservation (OPRHP)

  • Historic Preservation, Park & Trails Programs

Department of State (DOS)

  • Downtown Revitalization Initiative (DRI)
  • Local Waterfront Revitalization Initiative (LWRP)

Federal Funding Programs:

  • Appalachian Regional Commission (ARC)
  • Economic Development Agency (EDA)
  • Environmental Protection Agency (EPA)
  • USDA Rural Development (USDARD)
  • Small Business Administration (SBA)