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IDA staff: $150,000 remains in microenterprise grant; application completion slows disbursement
Summary
Staff reported $150,000 remains in the microenterprise grant and that many applicants delay completing documentation, slowing payouts. The SBDC and staff will continue outreach to improve application completion.
Herkimer County IDA staff reported April 22 that about $150,000 remains in the agency’s microenterprise grant and that disbursements are slowed because applicants frequently fail to submit complete, signed documentation.
IDA staff member (name listed as Jen in the transcript) said five applicants were at various stages and two grant closings were scheduled for the following week; she expected…
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