The MULTI Grant Program
The MULTI Grant Program is designed to assist existing and startup small businesses across Greene County mainly with grant monies for utilities, logistics, technology, and inventory. MULTI resources can also be used for expansionary capital needs, but no construction related expenses are permitted. Grant funds from $5,000 to $25,000 will be made available to qualified businesses.
- Grant funds may only be spent on approved purposes that are working capital and non-construction related expenses including expansionary uses (such as technology and equipment) and operating uses (such as utilities or inventory)
- All existing and proposed businesses must be located within Greene County
- Applicants must contribute at least 10% equity of the total cost of the project, and MULTI Grant Funds may not exceed 90% of total project cost.
- Businesses receiving funding must create at least one new job either offered or made available* to individuals from families considered to be in low-to-moderate income (LMI) households (view Greene County LMI thresholds) OR be owned by a person defined as LMI.
- New jobs must start within the two-year State grant period**
*Available to LMI persons means the position must be advertised fairly and require no special skills or educational levels beyond a high school education.
**Two-year state grant period starts the date that Greene County is awarded the Microenterprise Grant Program Funding.
- Applicants that are in current operations must currently employ five (5) or fewer employees. All startup applicants must show that their business will employ five (5) or fewer employees. Owners/Principals are included within this number.
- A minimum of 50% of grant funds will be awarded to start-up businesses. Start-up is defined as an enterprise that has been in business fewer than six months at the time of application.
Businesses interested in applying for MULTI Grant Funds will be required to participate in entrepreneurial training in order to receive funding. Applicants are encouraged to take part of these programs prior to submission of full application. Trainings will take place over zoom. Applicants without access to zoom are instructed to contact the Greene County Economic Development Corporation at 518-719-3290 to make accommodations.
HUD National Objectives and LMI Limits
A portion (51%) of CDBG program funds must benefit persons defined as low-or-moderate-income based on federal “HUD” standards, equivalent to 80% of the HUD Area Median Family Income (AMFI). HUD defines the AMFI for Greene County as $79,000 in 2022. In order to qualify as LMI, persons must have combined family incomes below the following limits* based on household size (ie # of persons).
Greene County, NY
|Family Size||1 Person||2 Persons||3 Persons||4 Persons||5 Persons||6 Persons|
*Family income limits are for year prior to employment; there is no cap on salary for jobs created by this grant.
This pre-application is for pre-screening purposes only. Submittal of this form does not guarantee acceptance to the program if Greene County is awarded future funding. Applicants will still be required to submit a complete application at that time.