BURNT HILLS – The Town of Ballston is the recipient of a $200,000 New York State CDBG Microenterprise Grant targeting small business start-ups, agribusinesses and commercial enterprises with five or fewer employees.
Approved businesses may be eligible for awards totaling a minimum of $5,000 to a maximum of $35,000. A person of low to moderate income must either own each microenterprise business, or the project must result in the creation of at least one full-time equivalent position to benefit a low- to moderate-income person. The grant can fund up to 90 percent of a total project cost.
The LA Group in Saratoga Springs is assisting the town of Ballston in the administration of the grant application process. The Chamber of Southern Saratoga County will be providing the necessary entrepreneurial training for recipients of the award.
The success of this program for small business enterprises is of great interest to the Ballston Town Board in their pursuit of local economic growth and prosperity.
Those with an interest in this program may contact Jim Martin at The LA Group at 518-587-8100.
