Two Businesses Awarded Microenterprise Assistance Program Grant Funding – WXHC.com

Microenterprise Assistance Program Supports Local Businesses in Cortland County

Introduction

During the recent monthly meeting at the Cortland County Office Building, the Cortland County Legislature approved funding for two additional local businesses through the Microenterprise Assistance Program. This initiative aligns with the Sustainable Development Goals (SDGs), particularly promoting decent work and economic growth (SDG 8) and fostering innovation and infrastructure (SDG 9).

Details of Funding Allocation

1. Cobblestone Valley Farm – Located on Route 11 in Preble, this business received $25,300 to purchase essential equipment. This investment supports sustainable agricultural practices and local food production, contributing to zero hunger (SDG 2) and responsible consumption and production (SDG 12).
2. Groove Tattoo Supply, Inc. – Based on Weaver Road in Cortland, this business was awarded $9,700 for acquiring equipment and supplies, enhancing local entrepreneurship and small business development.

Program Impact and Sustainable Development Goals

• The total funding of $35,000 represents the remaining balance available in this round of grant funding, demonstrating efficient resource allocation.
• The Microenterprise Assistance Program Review Committee recommended the funding, ensuring transparent and strategic support for local enterprises.
• Previously, in April, five small businesses received funding, indicating ongoing commitment to economic resilience and community development.
• This program supports SDG 8 by promoting sustained, inclusive economic growth and productive employment.
• It also advances SDG 9 by fostering innovation and supporting small-scale industries.
• By empowering local businesses, the program contributes to building resilient communities and reducing inequalities (SDG 10).

Conclusion

The Cortland County Microenterprise Assistance Program continues to play a vital role in strengthening local businesses, aligning with multiple Sustainable Development Goals. Through strategic funding and community support, the program fosters sustainable economic growth, innovation, and improved livelihoods within the county.

1. Sustainable Development Goals (SDGs) Addressed or Connected

1. SDG 8: Decent Work and Economic Growth – The article discusses funding awarded to local small businesses, which supports economic growth and job creation.
2. SDG 9: Industry, Innovation and Infrastructure – The funding is used for the purchase of equipment and supplies, promoting industrial development and innovation.
3. SDG 1: No Poverty – By supporting microenterprises, the program helps reduce poverty through economic empowerment.

2. Specific Targets Under Those SDGs

1. SDG 8 Targets:
   • Target 8.3: Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation.
   • Target 8.5: Achieve full and productive employment and decent work for all women and men.
2. SDG 9 Targets:
   • Target 9.3: Increase the access of small-scale industrial and other enterprises to financial services, including affordable credit.
3. SDG 1 Targets:
   • Target 1.2: Reduce at least by half the proportion of men, women and children living in poverty in all its dimensions.

3. Indicators Mentioned or Implied to Measure Progress

1. Indicator for SDG 8.3: Number of micro, small and medium enterprises receiving financial support or grants.
2. Indicator for SDG 8.5: Employment rates in supported microenterprises or small businesses.
3. Indicator for SDG 9.3: Proportion of small-scale enterprises with access to financial services and equipment funding.
4. Indicator for SDG 1.2: Reduction in poverty rates among beneficiaries of microenterprise assistance programs.

4. Table of SDGs, Targets, and Indicators

Source: wxhc.com