Small Business Vitality Assistance program now open
The intake form for the , which willÌýinvest $750,000 in Albany entrepreneurs and businesses, is now open. Made possible byÌýthe 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;Ìý.
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Eligible uses for the Small Business Vitality Assistance program include:ÌýÌý
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Back rentÌýor mortgage paymentsÌý
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Past-due commercial insuranceÌýÌý
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Past-due utilitiesÌýÌý
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Outstanding taxesÌýÌý
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Outstanding vendor billsÌýÌý
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Technology upgrades Ìý
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Implementing new servicesÌý(delivery, online purchasing, etc.)Ìý
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Entrepreneurial training coursesÌý
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AccountingÌý
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Human resourcesÌý
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Legal servicesÌý
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Information technology servicesÌý
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MWBE certificationÌý
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The program will be administered through the Central Avenue BID, in partnership with the Ó£ÌÒÊÓƵ Albany BID, Arbor Hill Development Corporation, Albany Chapter of the NAACP, and Small Business Development Center.Ìý
