COVID’s economic impact on Cayuga County

Normally at this time of year, CEDA would be hosting an Economic Forecast Luncheon. During this event, I provide an update on demographic and economic indicators. We will not be hosting a luncheon, so I wanted to take this opportunity to provide some updates. Demographic data tends to be a year behind, and it just … Continued

Why mentoring is more important now than ever

We have all heard the old saying, when life gives you lemons, make lemonade. Small business owners certainly have a lot of lemons right now, but not everyone automatically knows how to turn that into lemonade. We are all facing a lot of change, uncertainty and turmoil. There are words being thrown at us: pivot, … Continued

3 tips on Paycheck Protection Program (PPP) loan forgiveness

Did you take out a Paycheck Protection Program (PPP) loan for your business? Here are some reminders about a few factors related to your PPP loan and forgiveness to make sure you don’t run into any issues. First, while the forgiveness amount is not taxable income, as of right now the IRS has determined that … Continued

CEDA launches shop local advertising campaign to support Cayuga County businesses

CEDA is embarking on an ambitious campaign to promote and support Cayuga County small retailers and restaurants during the holiday season and beyond. Our goal is to reach local and regional audiences and present them with a selection of small Cayuga County businesses to support by shopping safe in-person and online. We have partnered with … Continued

Auburn Downtown Revitalization Initiative Small Project Grant Fund

The Auburn Downtown Revitalization Initiative Small Project Grant Fund (“DRI Grant Fund”) is intended to assist property owners, businesses, and entrepreneurs in the DRI boundary with investments that will help to meet the following goals: 1) Reinvent Downtown as a vibrant center for living, working, learning, entertaining, and civic engagement; 2) Promote Auburn and engage, … Continued

Give a dose of dollars to new and small local businesses during COVID

Cayuga County’s economy is not immune from COVID-19. Despite the major challenges the virus has brought, our area has experienced a rapid rise in bold entrepreneurship. Downtown Auburn has seen 11 new businesses open this year. New business leads to jobs and faster recovery.  Virtually all job growth, including replacing jobs lost, comes from new … Continued

Meet Meg: CEDA’s Business Development Specialist

We are pleased to announce and welcome Meg Goloub as our Business Development Specialist. Ms. Goloub’s role is to work with entrepreneurs and small businesses to develop business strategies designed for growth and adaptability. She also helps connect businesses with resources and partner programs for education, business development and funding. The goal in making these resources available is … Continued

COVID-19 Emergency Microloan Program

The Cayuga Economic Development Agency (CEDA) is offering an Emergency Microloan for businesses impacted by the COVID-19 (coronavirus) pandemic. This Emergency Microloan program offers small, but favorable, loans and is not intended to fully replace lost revenue or cover all operating costs for the duration of the situation. It is intended to provide some breathing … Continued

How we’re helping grow Cayuga County’s economy

For about a decade, the Cayuga Economic Development Agency (CEDA) has been providing businesses and entrepreneurs with easy access to all of the information, incentives, and resources needed to start or grow in Cayuga County. In the past three years, CEDA has worked with 349 existing businesses and 167 entrepreneurs. These activities have resulted in … Continued

Reopening Cayuga County businesses reminded to complete affirmations with NYS

CEDA has been informed by Cayuga County officials that 334 Cayuga County businesses have completed their affirmations and safety plans. Before reopening, all businesses in New York State are required to have completed two documents – a Safety Plan and the Affirmation document.   According to New York State, each business or entity must develop … Continued