CenterState CEO Announces $150K Small Business Stabilization Fund

Fund was created to fill identified gaps in relief funding to under-resourced small businesses

(Syracuse) – National Small Business Month kicks off with the launch of a $150,000 small business stabilization fund provided by the KeyBank Business Boost & Build Program powered by JumpStart.

Administered by CenterState CEO’s Up Start program, grants are available to small businesses affected by COVID-19 in Onondaga County. The fund is part of a plan to deploy $500,000 in relief funds to small business communities throughout Upstate New York in response to the economic hardship caused by the pandemic.

“All of us in Central New York have been touched by the COVID-19 crisis and our small businesses have been hit especially hard,” said Stephen Fournier, KeyBank Central New York Market President. “KeyBank and our partners at JumpStart are committed to helping our community move forward with crucial funding, assistance and hope.”

This fund is intended to fill identified gaps in available emergency relief funding, while also providing wrap-around services in the form of technical assistance and one-on-one business consultation. These resources will be provided by the KeyBank Business Boost & Build C.U.S.E. Collaborative partners, including Up Start, the South Side Innovation Center, WISE Women’s Business Center and Upstate Minority Economic Alliance.

“In our position as community connectors and advocates, CenterState CEO will help ensure that our small businesses have access to resources that can help them during this unprecedented economic crisis”, said Robert Simpson, president of CenterState CEO. “For years, KeyBank and JumpStart have been important partners in helping build our neighborhood businesses.  We are grateful for this investment and their continued support.”

Eligible minority and women owned businesses in the Health and Wellness, Service, Hospitality, and Lifestyle industries can receive grants of up to $5,000 per business, while funds last, and ideally prioritized for those who could not get or were not eligible for emergency relief funding through the SBA. For more information visit: CenterState CEO’s website. The application is available here: https://fs4.formsite.com/2yTmtI/SYRSmallBizGrant/index.html