Potter County commissioners approved another funding avenue for local small businesses.
Ellen Russell, county director of community development, said the Small Business Support Grant Program is tied to state Community Development Block Grants, so certain objectives and application qualifications have to be met. Commissioners approved the program application, as well as policies and procedures at their meeting July 1.
“There’s a lot that goes into figuring out if a business qualifies. We have to do financial underwriting which is a long process,” said Russell. “So, as we’re taking applications, we’ll be able to be doing that process simultaneously.”
Applications are due Aug. 27. To apply, businesses need to provide its tax return, profit and loss statement, financial statements, balance sheet, copy of invoices and expenses, and other information. Russell said only small for-profit businesses are eligible; those in the hospitality industry are not. See https://pottercountypa.net/post.php?pid=49 for program guidelines and the application.
