3 Things to Know about the Restaurant Revitalization Fund (New)

Get the program details such as eligibility, funding amount, allowable use of funds and more. If you haven’t already, sign up for RRF email updates.

Currently, SBA is not accepting applications for RRF. However, you can prepare your application by reviewing the sample application, program guide and cross-program eligibility chart on SBA COVID-19 relief options. You will be able to apply through SBA-recognized Point of Sale Restaurant Partners or directly via SBA in a forthcoming online application portal. Registration with SAM.gov is not required. DUNS or CAGE identifiers are also not required.

The official application launch date will be announced shortly. Ahead of the application launch and over the next two weeks, the SBA will establish a seven-day pilot period for the RRF application portal and conduct extensive outreach and training on how to apply, application requirements and where to apply. Participants in this pilot will be randomly selected from existing PPP borrowers in priority groups for RRF and will not receive funds until the application portal is open to the public.

Following the pilot, the application portal will be opened to the public. For the first 21 days that the program is open, the SBA will prioritize reviewing applications from small businesses owned by women, veterans, and socially and economically disadvantaged individuals. Following the 21-day period, all eligible applicants are encouraged to submit applications.

Update on the Targeted EIDL Advance (New)

Effective immediately, applicants can request a reevaluation of a Targeted EIDL Advance application that was declined. Applicants should follow these instructions when requesting a reevaluation:

UIDC Expands COVID-19 Loan Program (New)

As local businesses continue to deal with the uncertainty of a COVID-affected economy, while also trying to recover and become more resilient, the Utica Industrial Development Corporation (UIDC) has expanded its COVID-19 Relief Loan Program.

UIDC’s COVID-19 Small Business Relief Loan Fund can assist businesses with less than 25 employees in covering short-term working capital needs or capital expenses that aid in building business resilience to COVID and other potential disasters.

May 4; 10:00 - 11:30 AM

If you are considering self-employment, or if you find yourself at a career crossroads, this webinar is for you! Join this special session and learn:

This webinar is presented by FranNet and hosted by the Mohawk Valley Small Business Development Center.

May 12 & June 2; 10:00-11:00 AM

The Mohawk Valley SBDC has partnered with StreamSkill.com (part of the Simon Sez IT family) to provide QuickBooks Desktop training. This hybrid program includes training videos from StreamSkill.com along with two virtual classroom sessions with QuickBooks experts from the Mohawk Valley SBDC.

Apr 29; 8:45 - 10:00 AM

Meet like-minded professionals and make connections! Offered exclusively for Chamber Members, this unique networking opportunity offers participants the opportunity to share up to a four-minute pitch about their business or organization with their fellow participants all at once.

SPIR was established to strengthen New York State's small and mid-sized businesses by helping them apply technology solutions to make them more competitive. This is essential in today's rapidly changing and technology-dependent business environment.

Whether you are a small firm looking to upgrade or introduce new technology, a high- technology firm addressing the challenges of product development and testing, or a company seeking to improve operational excellence, SPIR can help you with these and many other tasks to make your business more competitive.

The U.S. Department of Agriculture (USDA) has announced the availability of more than $330 million to help agricultural producers and organizations in the food supply chain recover from the financial impacts of the COVID-19 pandemic.

The funding announced is part of USDA’s Pandemic Assistance for Producers initiative launched in March, and includes $169.9 million for the Specialty Crop Block Grant Program (SCBGP), the availability of $75 million for Gus Schumacher Nutrition Incentive Program [GusNIP; formerly known as Food Insecurity Nutrition Incentive (FINI)] grantees and approximately $80 million in payments to domestic users of upland and extra-long staple cotton.