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The Workforce Development Board, Herkimer, Madison, and Oneida Counties, Inc. (WDB HMO), DBA Working Solutions, is part of the Public Workforce System, a network of federal, state, and local offices that support economic expansion and develop the talent of the nation’s workforce.
CARES ACT REVOLVING LOAN FUND
| Coronavirus Aid, Relief, and Economic Security (CARES) Act Revolving Loan Fund is a new economic recovery loan program, created by the Economic Development Administration under the U.S. Department of Commerce, designed to alleviate sudden and severe economic dislocation caused by the coronavirus (COVID-19) pandemic. It will provide permanent resources to support economic resiliency and further the long-term economic adjustment objectives of the Mohawk Valley region. CARES ACT REVOLVING LOAN FUND GUIDELINES: Eligibility · Small businesses and non-profits · Must be located in Fulton, Herkimer, Montgomery, Oneida, Otsego or Schoharie counties. Loan Amount · Up to $200,000. Payment Schedule · Loans up to 60 months. · Months 1-12, principal payments only. · Months 13-60, principal and interest payments. Interest Rate · 0% interest for months 1-12, principal payments only. · 2.44% interest rate for months 13-60. Use of Proceeds · Working Capital (inventory, taxes, utilities, rent, payroll, mortgage payments, supplies and all COVID-19/social distancing expenses). · Any necessary expenses for responding to economic injury as a result of coronavirus. Borrower Fee
Mohawk Valley Rehabilitation Corporation (MORECO) Affiliated with Mohawk Valley Economic Development District, Inc. 26 West Main Street, PO Box 69, Mohawk, NY 13407-0069 Phone: 315.866.4671 Email: info@mvedd.org Website: mvedd.org |
News & Updates
All businesses and job seekers in the following counties are invited to register: Herkimer, Madison, Oneida, Onondaga, Chenango, Delaware, and Otsego counties. The job fair will take place Tuesday, April 29th, from 11am to 1pm. There will also be sta...
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Learn more about what Working Solutions can do for your business.
Working Solutions
209 Elizabeth Street
Utica, New York 13501
Equal Opportunity Employer/Program. Auxiliary aids and services are available upon request to individuals with disabilities.