In other business, the Rotterdam IDA approved its second round of matching grants for improvements to small businesses in town.
The town will award approximately 10 grants for up to $5,000. Recipients of grants will be required to spend their own funds on the project in an amount twice as much as the grant received. For example, a business would need to spend $10,000 on a project in order to receive $5,000.
The grant money can be used for faCade improvements, increased access for the disabled, signage, lighting, sidewalks and other exterior improvements.
Eligible businesses cannot exceed $1 million in sales per year or employ more than 50 people. Applicants who have been awarded an IDA grant in the past two years are ineligible for funding.
Last year's grant program made 10 awards of $2,500. Santabarbara said that raising the grant total this year shows the IDA's commitment to small businesses.
"We're looking to help businesses that are here and we're focusing on small businesses," said Santabarbara. "Twenty-five thousand dollars doesn't go a long way with the rising costs of fuel and the rising costs of pretty much everything, so we extended the program to 10 grants of $5,000 for larger projects."
The Rotterdam IDA is funded through its own projects by fees charged to developers and is not funded by town taxpayers. ""