The Ulster Savings Charitable Foundation recently announced a $2,500.00 grant to the Gateway to Entrepreneurial Tomorrows, Inc. (GET) to help fund their “Micro-Loan Program”.
“With a struggling economy, it’s more important than ever to support local business development,” noted Jeffrey D. Wood, Charitable Foundation Executive Director. “GET’s “Micro-Loan Program” is a great example of this mentality in practice and the Foundation is excited to lend its support.”
Established in 2004, GET is a Poughkeepsie-based micro-enterprise development organization focused on fostering entrepreneurship in low-income and minority populations throughout the Hudson Valley. Their “Micro-Loan Program” offers fixed-rate loans to purchase fixed assets or for working capital for start-up businesses. This initial investment from GET is intended to spur further business investment from private sector funds, including local community banks, municipalities and the Small Business Administration (SBA).
For more information about the Ulster Savings Charitable Foundation, please call Jeffrey Wood at (845) 338-6322, ext. 3268.