On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act. The CARES Act made funding available to the City of Poughkeepsie under the Community Development Block Grant (CDBG-CV) allocation. The funding for the program comes from the U.S. Department of Housing and Urban Development's (HUD) Community Development Block Grant COVID/CARES Act (CDBG-CV) and are to be used to prevent, prepare for and respond to the coronavirus pandemic (COVID-19).
City of Poughkeepsie Microenterprise Stabilization Grant Program
The City of Poughkeepsie is proud to announce its partnership with Community Capital New York in the administration of The City of Poughkeepsie Microenterprise Stabilization Grant Program. The City is dedicated to the growth and welfare of our community and its economic success. This success is dependent on the stabilization, maintenance, and growth of the City's small businesses. As part of our continued commitment to assisting these businesses, the City is partnering with Community Capital of New York to offer grants to eligible businesses.
The City has made available $200,000 in grants available to assist microenterprise businesses negatively impacted by COVID-19. This will provide grants of up to $10,000 to stabilize microenterprises and preserve low and moderate income jobs. A microenterprise is defined as a business with five or fewer employees, including the owner.
Applicants must provide records and information to demonstrate the preservation or creation of a low and moderate job as defined by HUD. Applicants must also show they are not duplicating other assistance provided via the federal CARES Act.