City of Cortland Microenterprise Assistance Program (MAP) Funds Available - May 2017

The City of Cortland was recently awarded Microenterprise Assistance Program (MAP) funding.  The funding was awarded by New York State Homes and Community Renewal under the Small Cities Community Development Block Grant Program. The funding will be used to assist microenterprise businesses located within the City of Cortland.  A microenterprise is a business that employs or will employ five or fewer persons, including the business owner(s).  The "five or fewer test" is based on total headcount regardless of the number of hours worked by each employee.  

Assistance will be awarded to eligible businesses on a competitive basis.  The City can provide between $5,000 and $35,000 per business for equipment, inventory, working capital, and other uses.  Owners must provide a cash equity contribution of at least 10% of the project total. Either the owner(s), or new hire(s) must have low-to-moderate incomes.  

If you are interested in participating in the MAP Program,  an application can be downloaded here.  An application can also be requested by calling Laura Meagley, of Thoma Development Consultants, at 607-753-1433 or by contacting her at This email address is being protected from spambots. You need JavaScript enabled to view it.  

 Please return your completed applications to Thoma Development Consultants, 34 Tompkins Street, Cortland, NY by May 30, 2017.

 

It is the mission of Thoma Development Consultants to provide services to our customers and their clients that meet or exceed expectations. The cornerstone for our relationship with our customers and fellow employees is respect and trust. As an organization and as individual employees we shall continually seek to improve our abilities to benefit our customers. This mission is the shared responsibility of all employees.