City of Amsterdam Microenterprise Assistance Program

 

The City of Amsterdam Microenterprise Assistance Program (AMAP) was made possible through a grant from the New York State Office for Housing and Community Renewal.  The program will provide grants to eligible entrepreneurs and business owners who want to establish or expand an existing business within the City of Amsterdam. Total grant pool in this round of funding is $188,000. Special attention will be given to assisting businesses owned/operated by or employing a significant number of persons of low and moderate income, minority- and women-owned businesses, businesses owned or operated by Returning Veterans, and businesses located in one of Amsterdam’s downtown areas.

Grant application available at this link:
AMAP Grant Application 2017

Eligibility Criteria:

Applicants may be new or existing sole proprietors, partnerships or corporations with five or fewer employees.

Businesses must be located within the City of Amsterdam. Preference will be given to businesses located in, or relocating to, one of Amsterdam’s Downtown Revitalization areas.

All applicants must complete the mandatory Entrepreneurial Training Workshops which will take place on Tuesdays from May 23 through June 20, 6pm-7:30pm at the Chamber’s office in Amsterdam, 1166 Riverfront Center.  The program consists of four workshops, and an introductory workshop explaining the grant and criteria.

Applicants must fulfill the 20% owner cash equity contribution for the proposed project

Preference will be given to projects that maximize leverage by taking advantage of other Montgomery County grant and loan programs

Preference will be given to projects/businesses that offer internships, job-shadowing or apprenticeship opportunities.

Preference will be given to projects/businesses resulting in job creation.

Businesses receiving funding must create at least one new job offered to, or made available to, persons from low-to-moderate-income (LMI) families, or be owned by a person defined as LMI. If owned by more than one individual, a majority of owners must qualify.

Applications are due by Friday, August 25, 2017

Interested businesses/business owners are encouraged to attend the grant information session, scheduled for Tuesday, May 23, 6pm at the Chamber’s Riverfront Center office.  RSVP is requested for this session – please contact Terry Swierzowski at the Chamber at (518) 725-0641 or email terrys@fultonmontgomeryny.org.

The Entrepreneurial Training Workshops, which are mandatory for grant applicants, but can be taken by anyone, are scheduled as follows. Price for the four courses is $100 or $25 per class. For successful grant applicants, this fee may be reimbursable:

Tuesday, June 6 - Business Basics – Presented by Charles Schwartz, Esq.

This training module will provide the start-up business owner and/or existing business owner with business basics. The key areas covered in this session will be legal issues and employee issues that a business owner needs to know to be successful. This session will include: How to determine what type of business structure is good for my business; employee issues, including hiring do’s and don’ts, state and federal regulations regarding hiring and employee training needs and costs.

Tuesday, June 13 – Recordkeeping, Accounting, Taxes and Financing – Presenter TBD

This training session will provide the participant with an overview of necessary business recordkeeping. Additionally this session teaches how to report business activity for taxes, financing, or to evaluate certain business benchmarks. Regarding taxes, the session will cover estimated state and federal tax payments, payroll tax, and the importance of keeping good records in order to determine tax payments, report business tax events, and the professional tax resources that are available to startup and existing businesses. Types of financing will be covered including how to determine what type of financing is best for a specific company and the impact financing has on the overall business structure, profitability and business sustainability.

Tuesday, June 20 - Marketing and Advertising – Presented by Terry Swierzowski, Fulton Montgomery Chamber

This session is structured to assist businesses in determining what type of marketing and advertising is best for the business to provide a positive business impact. It will include marketing and advertising strategies and the potential costs of each and how to evaluate their effectiveness. This session will touch on many types of marketing and advertising, including E-Commerce and social networks.

Tuesday, June 27 – Developing the Business Plan – Presenter TBD

Here the attendees will learn how to develop a Business Plan incorporating the previous three sessions. The attendees will work on a step-by-step model taught by business leaders and professionals to create an effective Business Plan. The session will teach participants how to write effectively about their business, what information the plan should include, and how the plan presents their business to potential lenders and investors. This session will include business plans of successful business and business plan models used by some of your state and federal agencies.

 

For more information about the grant, contact:
AIDA Executive Director, Jody Zakrevsky
Hours: Monday - Friday 8:00 A.M. - 4:00 P.M.
Email: jzakrevsky@amsterdamny.gov
Phone: (518) 842-5011

For more information on the Entrepreneurial Workshops, please contact Terry Swierzowski at the Fulton Montgomery Regional Chamber of Commerce at terrys@fultonmontgomeryny.org or by phone at (518) 725-0641.

AMAP Application 2017