| COVID-19 EMERGENCY RELIEF PROGRAM FOR SMALL BUSINESSES
The Syracuse Economic Development Corporation (SEDCO) has created a dedicated $500,000 fund to provide zero-percent interest, 180-day emergency loans to small businesses in the City. Click here for the COVID-19 Emergency Relief Application.
Up to $25,000 loans per business, average loan size is anticipated to be around $10,000. Those seeking financing can view application instructions and information here. Beginning Monday, March 23, the application will be available here, submit it electronically via email at business@syrgov.net or by mail to SEDCO; 201 East Washington Street, Syracuse, NY 13202.
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SEDCO is a private not for profit local development corporation providing low cost, fixed asset financing for
commercial businesses operating in the City of Syracuse. SEDCO loan proceeds may be used to finance a portion of the cost of the
acquisition and rehabilitation of real property or purchases of machinery and equipment. Maximum loan amounts typically do not
exceed $125,000. |
| In order for your project to be considered for SEDCO financing, please contact Eric Ennis, Executive
Director at 315-473-3275. Please see the SEDCO Application for Financing Assistance for more information. This application is NOT for the COVID 19 EMERGENCY RELIEF program. |
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| Meetings: |
| Board of Directors: Meetings are scheduled the first Thursday of the month |
| Loan Committee Meetings: scheduled as needed prior to full Board Meeting |
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| Organization: |
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| Jennifer Tifft, President |
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| Richard Driscoll, Vice President |
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| Sheena Solomon, Secretary |
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| Nicholas V. Petragnani, Jr., Treasurer |
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| David V. Bottar |
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| Stephen Gross |
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| David Mankiewicz |
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| Michael Quigley |
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| Pastor Ashanti Dickerson |
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| Honorable Michael Greene |
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| Committees: |
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Audit
Committee |
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Governance
Committee |
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Loan
Committee |
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David Bottar
Richard Driscoll
David Mankiewicz |
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Richard Driscoll
Nicholas Petragnani |
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Stephen Gross
Michael Quigley
Sheena Solomon
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Contact:
Eric Ennis (315) 473-3275
City Hall Commons, 6th Floor
201 East
Washington Street
Syracuse, New York 13202
E-mail: eennis@syrgov.net |