KINGSTON – The Office of the Ulster County Executive announced Wednesday that applications are now open for $950,000 in funding to support small- to medium-sized businesses in the county. The Cares II Small Business Assistance Program Informational Webinar, held earlier this week, is now available online.
To qualify for funding, businesses must have 25 or fewer employees. A wide variety of business expenses, including rent, payroll, equipment and fixed assets will be eligible for reimbursement through the program. The maximum grant award per business is $35,000.
The CARES II Small Business Assistance Program is modeled after the county CARES Small Business Assistance Program to help local small businesses pivot and adapt from the impacts of the COVID-19 pandemic.
Through collaboration between the county legislature and the Ulster County Department of Economic Development, $1 million of American Rescue Plan funding was allocated for awards to over 25 small- to medium-sized businesses and administered through the county Department of Economic Development in partnership with the Ulster County Economic Development Alliance.
The allocation includes $50,000 for program delivery and administration in addition to the funds that will be provided directly to businesses.
The application is now available at https://ulstercountyny.gov/economic-development
