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Chamber Press Release-Amherst Chamber of Commerce Announces Grants Program for Small Business Loans

by clopez
Fri, Sep 18th 2009 10:00 am

Amherst Chamber of Commerce Announces Grants Program for Small Businesses



AMHERST, NY- Officials from the Amherst Chamber of Commerce will join Key Bank President, Sterling Kozlowski on Tuesday September 22, 2009 for the official opening of the banks newest branch in the region, located at 9640 Transit Road. In addition to a formal ribbon cutting at 5:30 pm, the Chamber will announce its newest initiative, Business Development Grants.


The Chamber’s Business Resource Council has identified funding for small businesses as a major goal as part of the council’s strategic plan. 


“Because it was so consistent with the Chamber’s overall strategy, the organization researched potential funding sources.  The end result was a Member Benefit Program that offered substantial savings on products and services for Amherst Chamber members and dedicating the resulting residuals to a fund that would be distributed to small businesses,” said Colleen DiPirro, President/CEO of the Amherst Chamber of Commerce.


Three local firms are participating in the program kick-off.  National Fuel Resources is offering a discount on energy bills to all chamber members and their employees, both at home and their place of business.  CoreIP will provide technology resources to member firms at a discounted rate and MetroData will give discounts on employee background and credit checks as participants in the program. 


“We will continue to add partners as we broaden recognition for the initiative,” DiPirro said.


All revenues received from utilization will be put in a private fund at Key Bank, a corporate sponsor for this small business resource.  A special committee has been formed to review grant requests which will be disbursed in October and February of each year.  Grants, valued between $5,000 and $25,000, will be awarded for a variety of reasons ranging from training to environmental infrastructure improvements. 


“We are pleased to be providing small businesses with an opportunity to expand their prosperity as a result of this partnership.  On behalf of the Board of Directors and our 2500 members, we also recognize Key Bank and thank them for their sponsorship of this unique initiative.  We are happy to announce we are opening an account in the newest branch in the Key Bank network and making a deposit to be utilized as seed money for the Small Business Grant Program,” DiPirro stated.

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