The Essex County Industrial Development Agency recently announced that small business grants were available for North Elba businesses which were either (a) affected by the pandemic, (b) affected by the Main Street Construction in downtown Lake Placid (defined as being between 5920 Cascade Road and 1930 Saranac Avenue) or (c) businesses which have suffered an economic hardship. The information released on these grants indicates that businesses that are eligible must employ or will employ no more than 25 full-time equivalent employees and have annual gross business revenue that does not exceed $3 Million. Landlords and Air BnBs are specifically excluded from these grants, as are any businesses who previously received an IDA grant in either Round 1 or Round 2 of this funding. Acceptable uses of these grants include working capital, including rent, mortgage, utilities, payroll and inventory, furniture, fixtures and equipment and PPE and supplies for safety protocols. Businesses can apply for between $5,000 and $15,000.

If your business meets this criteria, please email info@essexcountyida.com to obtain an application so that you may apply. Note that applications must be submitted not later than November 1, 2021.

Flink Maswick Law PLLC has its primary office located on Main Street in Lake Placid and certainly understands the hardships and difficulties which the ongoing construction has presented for many Main Street businesses, as well as the economic issues which the Covid-19 pandemic has created for many of our friends, family and local business owners.