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Lockport offers free money to small businesses

The City of Lockport has $78,000 that it wants to give to small businesses.

Planning and Development Director Brian M. Smith said this week that the money is left over from a $200,000 state Community Development Block Grant that the city's development agency obtained for its micro-enterprise assistance program.

New or expanding businesses with five or fewer employees may apply for up to $20,000 for equipment, furnishings, inventory, working capital, employee training, professional and financing fees, or any other costs a city review committee deems eligible. The applicant must pay at least 25 percent of the cost of the project.

The owner must be a low- to moderate-income person, or be planning to create a job suitable for such a person, said Smith, who can be emailed at bsmith@lockportny.gov.

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