NEW WINDSOR – The Orange County Industrial Development Agency today announced an economic recovery program to help revitalize local businesses in Orange County that have been impacted by COVID-19 by offering $500,000 in loans to businesses that had to close because of COVID-19.
Impacted businesses will be able to use the IDA as a resource to reboot their operations by offering critical resources to help revitalize the local economy. Through the recovery program, the IDA will immediately assist businesses:
To train, rehire and recruit employees;
To identify and solve supply chain and inventory shortfalls to enable companies to continue their production and services undeterred;
To clean and disinfect facilities and spaces believed to be exposed to the virus;
To provide business rehabilitation guidance and strategic counsel;
To help fill out and apply for federal and local grant/loan applications.
In the next few weeks, through the Orange County Funding Corporation, businesses will be able to apply for loans to help pay rent, purchase supplies and make critical utility payments.
“Our goal has always been to empower local businesses. It is our main priority now to support Orange County businesses that have been impacted by the COVID-19 crisis. Our economic recovery program will give Orange County businesses the tools they need to get a head start once the economy begins to reopen,” said Laurie Villasuso, chief executive officer of the Orange County IDA.
