Grow Broome to Help Small Businesses

The Grow Broome Fund is being launched to help small businesses with longer term financing and other financial incentives.

The Broome County Industrial Development Agency is operating the Fund through the national ‘Grow America Fund’ and is able to offer the longer term loans, larger loans, lower down payments and lower interest rates as well as structure the terms of financing to the individual business.

The Fund is leveraging a $250,000 commitment from the IDA to make up to $2 million available for lending.

Businesses can get information by calling Tom Gray, Deputy Director of the Industrial Development Agency at (607) 584-9000.