Small Businesses that are still jostling to make a complete recovery from ‘Lee’ and ‘Irene’ super-storms will be given $800,000 in federal funds by Fed. The Lake Champlain/Lake George Regional Planning Board is going to make this fund available to enterprises that suffered ravages due to disaster storms.
The US economic development agency funding targets to cover communities that suffered extensive damages from the earlier storms. The agency offers long-term-strategy development so as to help local businesses withstand any setback enforced by natural disasters.
Loan funding will go to help North Country communities expand and their businesses to recover from storm damages and to grow. Assisting businesses will help organizations to become economically and physically resilient to disaster storms. This really paves way for the success of start-ups as well as small businesses. It is really going to help them during this tough economic time as the aid is certainly better than traditional bank loans.
Keeping note of the fact that business growth and employment is stymied in North Country, this aid is certainly going to help. Already, many Warren County businesses have taken advantage of this loan program and more businesses in Clinton and Essex County are expected to get involved soon.
This article was submitted by Raj Tulshan, Director of Business Development of Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to email@example.com