[ad_1]
CATSKILL — The village’s reward card program to help companies through the pandemic was a hit, in accordance with the Native Improvement Company.
The LDC launched a web site in April that streamlined the method for buying reward playing cards for native companies. This system, which ended July 1, assisted 41 companies and racked up greater than $10,000 in gross sales.
LDC President Joseph Kozloski mentioned he thought this system was a hit.
“I consider it helped [businesses] tremendously,” he mentioned. “We helped companies through the COVID time after they weren’t in a position to be open and needed to do curb service or supply. It tided them over a bit of bit.”
The reward playing cards got here in $20 denominations and the LDC coated the bank card transaction price, permitting all the cash to go to the respective enterprise, Kozloski mentioned. A majority of the reward playing cards have been bought for eateries, Kozloski mentioned.
“I believe it was very useful and [the businesses] have been very appreciative that the LDC did that on their behalf,” LDC member Hudson Talbott mentioned.
Along with serving to companies get by the shutdown, this system introduced the neighborhood collectively, he mentioned.
“The perfect factor the LDC does is perform because the cheerleaders, producing staff spirit for Catskill,” Talbott mentioned. “Through the early stage of the pandemic when no one knew what to do or what was going to occur subsequent, I believe it was crucial that the LDC stepped ahead and introduced the neighborhood collectively underneath this program.”
The explanation this system was discontinued is most companies are open and patrons wishing to buy reward playing cards can accomplish that on the enterprise, Talbott mentioned.
This system didn’t contain a bodily card, Talbott famous.
“A lot of folks requested me in the event that they obtain a card or one thing concrete within the mail,” Talbott mentioned, including that was not a part of the plan. “We gave names to eating places or venues the place they bought [gift cards]. They’ve them on an inventory, they’ll honor them.”
Though this system has ended, the playing cards are nonetheless legitimate, Kozloski mentioned.
“We despatched a letter [to each business] with their test stating who bought a present card and the way a lot for,” he mentioned.
Patrons may carry their receipt to the enterprise to validate their buy, Kozloski mentioned.
On the county degree, functions proceed to be accepted for the emergency mortgage program, Greene County Financial Improvement and Planning Director Karl Heck mentioned. The county has obtained 5 mortgage functions because the program launched in April, he mentioned.
Two kinds of emergency loans can be found: one for small companies with 10 staff or fewer, to retain or restore these staff, and one other for microenterprise companies with 5 staff or fewer, to assist rent new staff. Each mortgage choices have zero curiosity and no funds due for the primary six months. The deadline was not too long ago prolonged from June 30 till each time the state of emergency is lifted or when funds run out, whichever comes first.
In Columbia County, the Columbia Financial Improvement Company has been making strides to help native companies through the pandemic, President F. Michael Tucker mentioned.
“In all, CEDC has partnered to supply near $1 million in help for small companies adversely impacted by the COVID-19 disaster,” Tucker mentioned. “We couldn’t have achieved any of this with no beneficiant and supportive neighborhood and our many companions.”
Columbia Financial Improvement Company and Berkshire Taconic Group Basis have awarded 102 grants totaling $203,750 since March 30 to native companies by the Columbia County Enterprise Continuity Grant Fund, in partnership with the Columbia County Chamber of Commerce and the Hudson Enterprise Coalition. CEDC has additionally offered administrative help for the City of Germantown Enterprise Restoration Fund and the Chatham Grant Fund, offering a further $45,000 in small enterprise grants.
By means of its SBA Microloan and Columbia County Revolving Mortgage Fund, CEDC has closed 18 loans totaling $302,000, with 4 loans within the pipeline totaling a further $200,000, Tucker mentioned. CEDC has additionally offered greater than $30,000 in technical help, funded partially by the SBA, to over 40 shoppers, aiding with enterprise plans, advertising and accounting companies. Moreover, CEDC has served because the fiscal agent for the Hudson Enterprise Coalition’s Hudson Bond program and town of Hudson’s Shared Summer time Streets program, along with offering administrative help for the Metropolis of Hudson Tourism Board’s Mission Hudson, offering over $180,000 to help tourism tasks all through town.
The U.S. Small Enterprise Administration closed its Paycheck Safety Program Aug. eight. The PPP program supplied two-year loans for as much as $10 million. The funding might be used to cowl payroll, hire, utility and mortgage prices. Nationally, the SBA accredited 5,212,128 PPP loans totaling greater than $525 billion.
Of that funding, the Financial institution of Greene County processed 1,307 functions, totaling $101 million for the Paycheck Safety Program.
The SBA’s Financial Harm Catastrophe Mortgage program, which provides loans of as much as $10,000 to small companies, remains to be accepting functions.
As of Aug. 24, the SBA had accredited three,573,856 loans totaling greater than $188 billion by the EIDL program nationwide.
Companies with fewer than 20 staff, nonprofits and landlords that haven’t obtained funding by both the PPP or EIDL program can apply with the New York Ahead Mortgage Fund. For extra info on the New York Ahead Mortgage Fund go to https://www.connect2capital.com/companions/new-york-forward-loan-fund/.
[ad_2]
Wow, awesome weblog structure! How lengthy
have you been running a blog for? you make blogging look
easy. The full look of your site is wonderful, as smartly as the content!
You can see similar here sklep internetowy