POUGHKEEPSIE – In an effort to support and encourage local businesses in the production, supplies and distribution of personal protective equipment (PPE) and other COVID-19 recovery products to address increased demand, the Dutchess County Industrial Development Agency has approved a special Sales and Use Tax Relief Program.
The fast tracked, no-fee package helps local manufacturers expand capacity and produce much needed personal protection equipment.
The program is open to all businesses in the Dutchess County that are currently engaged in or are beginning to manufacture, supply and/or distribute products for the treatment or prevention of COVID-19. Up to $100,000 in sales tax support will be granted to manufacturers, suppliers and distributors of these products.
The products may be used by health care and medical providers, first responders, home health aides, COVID-19 patients, and for residents’ personal use. PPE may include medical and hospital equipment, disinfectants, sterilizers and sanitizer equipment, products and chemicals, as well as, medicine, pharmaceutical products and over the counter drugs to be used in the treatment and prevention of COVID-19.
“As a result of the COVID-19 crisis, the demand for Personal Protective Equipment and related healthcare equipment and sanitizing supplies has dramatically increased and is expected to remain in high demand,” said Think Dutchess CEO Sarah Lee. “As the state will require hospitals and healthcare centers to have a sufficient supply of equipment and PPE supplies on hand in case of a second wave of COVID-19, the program allows local businesses to expand operations, support supply chains and drive the regional economy.”
More information will be shared via Think Dutchess Alliance for Business social media channels and at https://thinkdutchess.com/covid-19-business-resource-page/. For additional questions please contact: Think Dutchess CEO, Sarah Lee, at firstname.lastname@example.org.
The Dutchess County Local Development Corporation Board of Directors, Wednesday, also approved a proposal to create a Small Business Express Loan Program.
The small business express loan offers local businesses access to capital in a nimble and quick manner due to the economic challenges from COVID-19. The program will offer zero percent interest loans up to $10,000 with a 36-month repayment term.