November 25 – The Community Loan Fund of the Capital Region gave another $89,000 in grants to grateful Schenectady businesses, and just in time for Thanksgiving. The organization is making awards to small businesses impacted by COVID.  This latest round of grants brings the total amount awarded to $210,000. These grants are part of the City of Schenectady’s Small Business Assistance Program and are designed to help businesses adjust to the challenges of the pandemic.

The grants were distributed at the City of Schenectady’s new Empowerment Center, located at 140 Erie Blvd.

This grant program offers technical assistance and training, specially designed to help businesses to build basic skills and to respond to rapid change during the pandemic.

“We are so pleased to make another round of awards. We have already heard from numerous businesses who received the first round of funding and who have talked about how important the help was,” said Linda MacFarlane, Executive Director of the Community Loan Fund of the Capital Region.

Grants are being awarded to the following businesses:

  • 1000 Transportation
  • Amelia’s Italian Restaurant
  • Bear and Bird Boutique + Gallery
  • BIS Auto Sales
  • D Mart Enterprises, Inc.
  • Dillybean, LLC
  • Emekason
  • Exclusive V11
  • High Profile
  • Robinson Contracting Construction
  • Rookies sports bar & grill
  • Rotana Deli- Michael Saad
  • Schenectady Trading Company
  • Secret End Inc.
  • SmartStyle Hair Salon
  • Silvershop
  • Smart G
  • Sonja’s Pet Salon
  • Ume: Urban.massage.elite., LLC

Grants are awarded to these 21 businesses to cover payroll, rent, utilities, HVAC updates, materials, PPE and new app development to help businesses operate more efficiently during COVID.

The Small Business Assistance Program has been funded by the U.S. Department of Housing and Urban Development through a Community Development Block Grant (CDBG-CV) stimulus funding under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to prevent, prepare, and respond to the impact of the COVID-19 pandemic.

The Community Loan Fund also awarded grants to 18 businesses earlier in the year, with $176,000 donated by the Capital Region Chamber, the Golubs, John and Beverly Petiet, Berkshire Bank, Citizens Bank, and KeyBank, and 18 businesses in October using HUD funding. 
To date, the Community Loan Fund has been able to make $386,000 in grant awards to businesses struggling with COVID.