SMALL BUSINESS RESOURCES
Mohawk Valley EDGE is proud to support locally owned small businesses looking to grow or for economic expertise. Our staff has direct access to and in-depth understanding of incentives and loans, as well as contact with many community resources. EDGE builds and maintains relationships with community businesses from outreach to implementation, connecting organizations with available loans, grants, and tax credits to address their needs.
Questions on what programs are available? Unsure of what opportunities may be appropriate for your business or project? Contact us. We may be able to assist you!
Contact: Tim Fitzgerald, Vice President Economic Development at tfitzgerald@mvedge.org
PROJECT LOANSMohawk Valley EDGE is responsible for overseeing and administering several revolving loan funds that are used for economic development. These funds are available to support economic development projects that will create jobs, support the retention of existing jobs, enhance the tax base of the area and provide other benefits to the region’s economy. Mohawk Valley EDGE does not discriminate on the basis of race, color, national origin, sex, age, or disability in its program or activities.
Oneida County Loan & Grant Programs
With our partners at Oneida County, EDGE is administering the Office of Community Renewal’s Economic Development, Small Business Assistance, and Microenterprise programs. In these programs, Mohawk Valley EDGE works with Oneida County to apply for grant assistance on behalf of the business seeking funding. Businesses may seek funding for business investment projects that result in job creation and/or retention.
In late 2021, Oneida County was the recipient of funding through the CARES Act to provide direct financial relief to small businesses across the County. EDGE has delivered this program on behalf of Oneida County, so far providing assistance to 15 businesses in nearly $1 Million in grant support. So far, the 2022 Microenterprise Grant Program has awarded $140,000 in funding to Oneida County’s smallest businesses in need. This partnership with Oneida County greatly impacts our ability to assist small businesses.
EDGE staff also assist prospective applicants to complete business plans and provide necessary– or required–technical assistance.
USDA Rural Development Grant Program
Since 2017, EDGE has brought USDA funding to the Mohawk Valley through Rural Business Development Grant programs. This funding enables businesses to invest in machinery and equipment through a capital lease. As capital leases are paid down, these funds go into a revolving loan fund that can be deployed as new capital leases. This process helps businesses preserve the cash flow that would have otherwise paid for interest on an amortized loan.
