By Rachel Phillips
Small business owners and hopeful entrepreneurs located in Glens Falls have the opportunity to win up to $40,000 to help fund their businesses.
The Retail and Small Business Development Competition will award a total of $280,000 in funding to the winners.
Current or aspiring business owners located within the Glens Falls Downtown Revitalization Initiative (DRI) area have a chance to build or expand their businesses as part of the effort to encourage economic growth in the city.
The Greater Glens Falls Local Development Corporation (LDC) is heading the competition, and will be responsible for picking the winners out of the pool of applicants. The competition, based on other similar types of competitions that have seen success around the country, was the idea of city officials, including Mayor Daniel Hall.

By Christine Graf
For more than 30 years, Albany’s Center for Economic Growth(CEG) has been marketing the eight-county Capital Region as a great place for companies to do business.
CEG, a non-profit regional economic and business development organization, is the primary point of contact for businesses looking to expand or establish operations in Albany, Columbia, Greene, Rensselaer, Saratoga, Schenectady, Warren, or Washington counties. They receive funding from local businesses, government grants, and fee for service.
“The Capital Region has a population of over one million people, and that puts us in competitive league with other major cities throughout the country,” said President and CEO Andrew Kennedy. “That’s something that is important for businesses when they are considering their relocation efforts. We work to raise visibility of the general population, the strength of our economy, the health of our economy, and the opportunities we see with development sites.