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Two businesses get grants from IDA

Friday, March 01, 2013 - Updated: 8:34 AM

By PETE KLEIN, Express News Staff

LAKE PLEASANT - Two Hamilton County businesses, one new and one existing, have been awarded micro-enterprise grants totaling $19,850 by the Hamilton County Industrial Development Agency.

Caleb Thompson, Thompson Homebuilders East, Long Lake, got $1,700 to purchase design software.

Christine Hinckley, Indian Lake, got $18,150 to help with opening a new business, Chrissy's Café, a breakfast and lunch diner in the former Misty Mountain Bakery on Rt. 28/30 in Indian Lake.

The grants were available to both existing and start-up businesses with five or fewer employees. The money can be used for acquiring equipment and/or real property or as working capital.

Applicants are required to have an annual income below the 2011 low- to moderate-income limit for Hamilton County or plan on creating at least one job that will go to someone from a low- to moderate-income household.

The money is coming from a New York State Community Development Block Microenterprise Grant Award of $200,000 administered by the IDA. The program includes funds for entrepreneurial training and $164,200 for direct financial assistance to eligible businesses.


When the IDA Board of Directors met Friday, Feb. 28, it adopted five policies addressing loan processing fees, investment, sexual harassment in the workplace, the Freedom of Information Law and procurement.

The loan processing / project fee policy creates a $500 fee to cover the cost of processing loan applications and is based upon the policies of other IDAs in the state.


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