TUPPER LAKE - A new grant will soon be giving a boost to small businesses here.
The town of Tupper Lake recently received notice that it has been awarded a $200,000 grant from the New York State Office of Community Renewal to develop a town-wide microenterprise program.
The money will be distributed among local microenterprises, that is, businesses with five or fewer employees. Each business can receive up to $35,000 to assist with working capital, training expenses, and inventory or equipment purchases.
"We are excited to have this opportunity to assist our local small businesses move forward, expand and make investments in the community," said Tupper Lake Supervisor Roger Amell. "The town identified small business assistance as a primary goal during the Economic Development Strategy process, and we are happy to see that it is moving forward."
Assistance is available to businesses that will be able to create employment opportunities for residents. The focus of the program is on tourism-related businesses, such as hotels, motels, restaurants and retail stores, but all businesses that meet the requirements are invited to apply.
"Tourism is the main driver of our economy," Amell added, "and it is our hope that this grant will help local tourism businesses be more successful."
In addition to financial assistance, business owners will also be offered business training to help them achieve their goals.
The town has contracted with the Saratoga Springs-based group Camoin Associates to administer the program. Applications are not yet being accepted, but business owners can be added to a contact list by calling Rachel Selesky at 899-2608. A detailed summary of eligibility criteria and other requirements of the program will also be available in the coming weeks.