CEDA gives new tiny company grant plan | Community Information


The annual Cayuga Financial Enhancement Company Economic Forecast Luncheon was held Jan. 16, 2020 in Auburn.

The Cayuga Economic Development Company is launching a new modest organization development collection called the Microenterprise Method that features grants for business owners.

In accordance to a information launch, the application will be available to minimal-to-reasonable-profits Auburn inhabitants to provide them with the information and facts and methods they need to be profitable company proprietors.

Potential business people, existing business owners, and modest enterprises (open up two many years or less) that qualify are encouraged to implement for the Microenterprise Program. To be eligible, candidates need to meet the next requirements: be a microenterprise with 5 staff or much less (which include the applicant as one particular of the proprietor/operator(s)), reside in the town of Auburn, and meet the very low-to-moderate income requirement. Programs are obtainable for download at cayugaeda.org/microenterprise.

The application contains eight, hour-extensive sessions covering enterprise function from inception to succession organizing. Instructors will be comprised of CEDA staff members, Score Mentors and nearby specialists. In addition to the actual coaching programs, contributors will be asked to full aid function, these kinds of as worksheets, webinars and investigation.

At the completion of the project, CEDA explained, grants of up to $5,000 will be awarded to the participants who have concluded the method, have a persuasive and comprehensive company approach, and have participated in the supplemental mentoring. Corporations in search of WBE, MBE, VOSB, or DBE certification are very inspired to implement.