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Gloucester’s Small Business Incentive Program enters third year

Now entering its third year, the Gloucester County Small Business Incentive Program has been responsible for attracting new businesses to the county, helping others expand and providing grants for façade and property improvements, among other assistance.

The program, which ended its second fiscal year on June 30, was launched by the Gloucester Economic Development Authority in FY2015-2016 with $55,000, to which the Gloucester County Board of Supervisors put up another $55,000.

That money helped attract 10 new businesses and saw two others expand, according to economic director Sherry Spring. The results were so encouraging, Spring said, the EDA and supervisors each put $50,000 in their FY2016-17 budgets to continue the program.

FY2017-18 began with a total carryover of $81,898, which she said will be tapped until the amount remaining is between $50,000 to $70,000 at which time the EDA will decide how much additional money the two bodies should appropriate.

During FY2015-16, ...

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