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More of the Cortland County federal aid allocation will again be used to help small businesses here. Assuming the entire legislature approves, a committee on Thursday approved a request from the Cortland County Business Development Corporation for an additional $300,000, doubling the money for small business grants.
This would be an additional $300,000 to the original BDC price of $300,000 to fund the agency’s front and downtown business assistance programs.
Over 90 businesses have applied for assistance. They must devote some of their own money to projects such as improving facades and expanding services or product lines. 41% of the funding will help local tourism.
The county received $9 million in federal COVID relief funds.
In a unanimous vote on Thursday, the Aid Allocations Committee approved adding an additional $300,000 to BDC’s original $300,000 price to fund the Front Business Aid Programs and the city center of the agency.
BDC Managing Director Garry VanGorder said, “We are thrilled the committee sees the value these programs bring to the community. He went on to say, “These additional funds allow BDC to fully fund the programs as originally planned.”