The Ti-Alliance Entrepreneurs Fund is a great way for contributors to give tax-deductible donations that support local small business start-ups and expansion. Invest in your community.
The role of the fund is to stimulate economic growth and opportunity through “gap financing” for new and existing micro and small businesses that will create jobs in the Ticonderoga area. Here’s how the Fund for Entrepreneurship and Revitalization works.
Monies from various sources including private individuals, public and private foundations, and state and federal government can be combined in a single fund to provide monies for local small business development and expansion. Our goal is to raise a base of $50,000 in 2020, which will make our fund eligible for additional state and federal matching funds.
The Fund will assist local applicants with good business plans and a drive to succeed. We are currently focused on businesses that expand year-round employment in tourism, medical services, and tech/light manufacturing, including established businesses owned by women, youth, veterans, and persons with disabilities. One-on-one mentorship will be provided to all successful applicants.
Benefits of Donating to the Fund
Donations to the fund are 100% tax deductible.
Businesses started with local investment are more likely to be successful. Everyone is vested in the outcome.
It's the gift that keeps on giving. As loaned money gets paid back to the fund, Ti-Alliance uses all funding to help the next start-up business. And that's how long-term economic development gets done.
NOTE: For a limited time, the Entrepreneurs Fund capital will be used as an emergency fund for local businesses in danger of failing due to COVID-19 closures and limitations. If you are a small business in the Ticonderoga Area and need help to stay in business during this difficult time, CLICK HERE for more information on emergency loans.