New Small Business Grant Program Available In Western New York

The economy in Buffalo and Western New York is booming. Just a quick look at the housing market in the 716 will give you a peek into the state of things in Western New York. All indications are showing Buffalo will have the hottest housing market in the country, which in turn drives up the economy even more.

With the economic indicators in Western New York trending positively, that all means good news for small businesses.

Another piece of good news for small businesses in Western New York is coming from the Erie County Department of Environment and Planning and Local Initiatives Support Corporation (LISC WNY).

There's New Small Business Grant Program Available In Buffalo

New York Governor Kathy Hohcul has made millions of dollars available in Buffalo to help improve the community. Some of those funds are being allocated due to the decades of neglect inflicted on East Buffalo, while other funds are being made available in response to the May 14th tragedy. Part of those funds are being made available to small businesses in Buffalo.

The East Buffalo Small Business Working Capital Grant Program offers grants to small businesses on Buffalo's East Side. Those grants, ranging from $5,000 to $50,000, are designed to help minority-owned establishments rebound from various social and economic impacts in Buffalo.

To be eligible to apply for this grant program, businesses need to be located in a specific geographic area in Buffalo and meet some other requirements. Those include being in operation before 12/31/2022, having revenue less than $1 million, and being oriented to serve the local community.

You can find more details about this grant program, along with the application to apply, here on the LISC website. There are also two locations in Buffalo where potential applicants can get assistance with completing their applications. You can find those details here.