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$168,000 grant to boost businesses in lower-income areas

Fledgling businesses in low- to moderate-income areas will get a boost from a $168,000 grant from Launch New York from the Department of Treasury.

The grant will be allocated to Launch New York's nonprofit seed fund, to support investments in startups in an "evergreen cycle." Returns are recycled to the fund to provide capital to new ventures in the future.

Launch New York is a venture fund supporting businesses across the 27 westernmost counties of the state.

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