September 21, 2021

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Troy awards $300K in compact business grants | News

TROY, N.Y. — Troy Mayor Patrick Madden recently announced grant awards for 30 modest businesses impacted by the COVID-19 pandemic. The city is awarding $300,000 in grants as component of its Troy Modest Organization Grant Application, a plan administered by the Group Financial loan Fund in partnership with the Metropolis of Troy.

“While substantial development has been manufactured to reopen our financial state by way of vaccinations and science-primarily based plan choices, lots of of our modest organizations are continue to reeling from the outcomes of the pandemic,” Madden stated.

“This grant funding will assist companies recover lost income and welcome again prospects as aspect of Troy’s financial recovery,” Madden explained.

“We thank the Group Mortgage Fund for their partnership and guidance to administer this application, and applaud our federal leaders for approving this method to guide tiny organizations and entrepreneurs in will need,” Madden included.

“The Neighborhood Bank loan Fund is enthusiastic to aid Troy’s vivid little organization local community. This funding and training will support place enterprise house owners on even footing once again and help them come back again from the devastating impacts of this pandemic,” Linda MacFarlane, Government Director for the Community Financial loan Fund of the Money Location observed. 

The enterprises obtaining grant funds are:

  • Angela’s Bridal – $10,000
  • Ashley Fulfilled Carmen LLC – $10,000
  • Bard and Baker, LLC – $10,000
  • Brino Integrated dba The Ale Residence – $10,000
  • Bundles of Luv – $5,000
  • Carmen’s Bistro – $10,000
  • Ekologic, inc – $10,000
  • Fire and Ash – $10,000
  • FlowActive, Inc. – $10,000
  • Snap PhotoBooths – $6,000
  • KONI’S Broadway Kafe’ – $10,000
  • Lo Porto Ristorante Caffe – $10,000
  • McAddy’s Pub – $10,000
  • Muza Restaurant LLC – $10,000
  • Countrywide Project Group – $10,000
  • Pause Gallery/ Paradox Arts Partners, LLC – $5,000
  • Primo Botanica Chocolate – $9,000
  • Exceptional Type Brewing Organization – $10,000
  • Redfront Pizza LLC – $10,000
  • Shmaltz Brewing Organization / 518 Craft – $10,000
  • Slavonian European Café – $10,000
  • Sunhee’s Farm and Kitchen area – $10,000
  • The Dutch Udder Craft Ice Cream – $10,000
  • The Hill at Muza, LLC – $10,000
  • The Rolling Stock Corporation LLC – $10,000
  • Troy Swift Shoe Mend Inc – $6,000
  • Troy Threads LLC – $10,000
  • UPPmarket, Inc. – $10,000
  • Villa Valenti Pub – $10,000
  • Will Kempe’s Players Cooperative – $9,000

Applications to the grant program are nonetheless getting processed, and added award bulletins are anticipated. 

The Troy Little Business Grant Program focuses on tiny companies of 20 workforce or fewer who have experienced a profits decline of at the very least 25% as a consequence of COVID. The application will also contain specialized trainings to enable business enterprise proprietors adapt to COVID.

The program is funded via the U.S. Division of Housing and City Progress (HUD) which has allocated $577,015 to the Town of Troy as element of a Neighborhood Progress Block Grant approved by the Coronavirus Assist, Reduction and Financial Safety (CARES) Act of 2020.

This signifies the fifth COVID grant system the Group Bank loan Fund has partnered on, and the initial with the Town of Troy. To date, the Group Financial loan Fund has served local businesses and municipalities award $1,306,000.