YOUR WEEKLY NEWS & UPDATES
2020 TAXES: HOW PPP, EIDL AND PUA WILL AFFECT YOUR TAXES? 
Join the SUNY Canton SBDC and Doug Hoffman CPA/MBA partner at The Hoffman Eells Group as he shares the latest guidelines from the IRS on reporting CARES ACT funding and simple accounting strategies that can improve your bottom line.

Your tax returns are probably going to look a little different this year especially if you received PPP, EIDL, and PUA benefits. This webinar is FREE and open to the public. Early registration highly recommended due to group size limits.
Wednesday, December 16, 2020 10am - 11am
SMALL BUSINESS GRANTS AVAILABLE
A community is defined as the city/town/village where your business address is located with a population of under 50,000. If the business is mobile (a food truck, fishing boat, ride share driver, etc) please use the address where your vehicle is stored during non-business hours.

The next grant application period will open on Tuesday, December 29th.
BUSINESS HIGHLIGHT
Mossbrook Roots Flower Farm and Florist offers full florist services year round for every day arrangements and special events. In season we are able to offer our fresh cut flowers from our farm fields to create stunning and unique arrangements. Come find your perfect tree harvested from NY. Wreaths, boxwoods, poinsettias and more available.

Open 7 days per week at 614 Mace Chasm Road in Keeseville.
WEBINAR ON JANUARY 6, 2021 AT 2:00PM

The Essex County IDA and Empire State Development are hosting a webinar to discuss:

  • eligibility requirements for borrowers and projects
  • the application and approval process
  • goals
  • loan terms

Interested businesses can register for webinar below
SEVERE STORMS & FLOODING ASSISTANCE 
NY businesses and residents affected by severe storms and flooding on Aug. 24, 2020 can apply for low-interest disaster loans from the U.S. Small Business Administration. Businesses and private nonprofit organizations may borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan assistance is available regardless of whether the business suffered any physical property damage.

Filing deadline: Jan. 5, 2021
Does Your Business Need Financing
This is an Equal Opportunity Program. For more information, please contact Carol Calabrese at 518-873-9114 or ccalabrese@essexcountyida.com
Loan fund can be used for:

  • Machinery and equipment
  • Working capital (term up to 7 years)
  • Furniture and fixtures
  • Real property (term up to 15 years)

Minimum loan amount: $10,000
Interest rate: 4%
Eligible for profit businesses must employ less than 50 persons 
Gross revenue: less than $1 million