The Entrepreneurs Network (TEN)

The Entrepreneurs Network (TEN) is an innovative program designed to provide Upstate New York entrepreneurs with significant hands-on exposure to, and interaction with, national and regional business experts and funding sources. The Entrepreneurs Network has an exclusive, members-only class consisting of boot camps on securing equity investments and traditional financing, effective sales and marketing strategies, and leadership and business strategy for today’s competitive environment.

The Entrepreneurs Network augments its program activities with “Lunch and Learn” and other special events. These events offer training, educating and networking to connect entrepreneurs, established firms, academic institutions and investment resources to advance the regional economy.

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Procurement Technical Assistance Center (PTAC)

Monroe County Finger Lakes Procurement Technical Assistance Center (MCFL PTAC) provides government contract counseling to assist small businesses in selling to the government and prime contractors. Monroe County Finger Lakes PTAC will:

  • Assess firm’s potential as a federal and/or state government contractor
  • Assist with registrations and certifications in order to do business with government
  • Provide guidance on market analysis
  • Develop bid match search profile
  • Assist with solicitation review and bid preparation
  • Clarify procurement regulations, technical information, specifications and standards
  • Assist with post-award performance and compliance

All services are free of charge.

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Monroe Manufacturing Rewards Program

The Monroe Manufacturing Rewards Program, administered by the Monroe County Industrial Development Corporation (MCIDC), provides small manufacturing businesses with a rebate on qualified manufacturing equipment purchases.

 

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SBA 504 Loan Program

The SBA 504 Loan Program, administered by the Monroe County Industrial Development Corporation (MCIDC), provides long-term financing for the purchase of land, buildings and equipment at a fixed-rate of interest. Funding for SBA 504 loans is provided through a partnership between the Small Business Administration and a private sector lender such as a bank.

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MCIDC RLF 50 PROGRAM

The Monroe County Industrial Development Corporation Revolving Loan Fund (MCIDC RLF) 50 program provides gap loan financing to Monroe County businesses which do not qualify for the SBA 504 program. Funding for MCIDC RLF 50 loans are in conjunction with a bank/financial institution and will match the bank term, up to 7 years.

Ineligible projects include:

  • Retail
  • Medical facilities
  • Debt refinancing
  • Professional services
  • Real estate development

Approval is subject to MCIDC Loan Committee and MCIDC Board of Directors.

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