SYRACUSE, N.Y. — The Syracuse Common Council on Monday approved $444,000 in American Rescue Plan Act (ARPA) funding for the Disadvantaged Business Enterprise (DBE) “One Stop” initiative.
The $444,000 in ARPA funding will establish a revolving-loan fund to help minority-owned firms in the construction sector respond to the “continuing challenges of the pandemic,” Syracuse Mayor Ben Walsh said in a statement released Monday afternoon.
“The new DBE One Stop will be a resource to help minority businesses participate in the growth occurring in the construction sector and the unprecedented activity expected in the years ahead,” the mayor said. “The One Stop initiative, funded in partnership with Onondaga County, will recruit, train, mentor and provide capital to help existing companies thrive, establish new businesses, and create jobs. It is a program recommended by community stakeholders in the Interstate 81 Jobs ‘Big Table’ initiative and will complement the workforce-development and job training efforts of our Syracuse Build program. I thank the Council for supporting this important investment in the people of Syracuse.”
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