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Small Business Vitality Assistance program now open

The intake form for the Small Business Vitality Assistance program, which will invest $750,000 in Albany entrepreneurs and businesses, is now open. Made possible by the City of Albany's $80.7 million American Rescue Plan Act award, funding of $2,000-$15,000 will be provided to approved entities to assist in three categories: COVID recovery, entrepreneur class/program tuition, and technical assistance. The program is available to businesses within the City of Albany; complete eligibility requirements can be found here.

Complete Small Business Vitality Assistance information is here.
 


Eligible uses for the Small Business Vitality Assistance program include:  

  • Back rent or mortgage payments 

  • Past-due commercial insurance  

  • Past-due utilities  

  • Outstanding taxes  

  • Outstanding vendor bills  

  • Technology upgrades  

  • Implementing new services (delivery, online purchasing, etc.) 

  • Entrepreneurial training courses 

  • Accounting 

  • Human resources 

  • Legal services 

  • Information technology services 

  • MWBE certification 

 

The program will be administered through the Central Avenue BID, in partnership with the Downtown Albany BID, Arbor Hill Development Corporation, Albany Chapter of the NAACP, and Small Business Development Center. 

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