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In the past decade, chambers of commerce have evolved into an economic force. No longer just sophisticated cheerleaders for cities and states, many chambers now create and implement job training programs, loan funds and more. Here's a roundup of some innovative chamber programs around the country.
Syracuse, New York:To fill a financing gap among promising young firms, the Greater Syracuse Chamber of Commerce created the Greater Syracuse Business Development Corp. and, along with it, the $800,000 Central New York Quasi-Equity Fund. Manufacturers with solid business plans, strong management teams and viable ideas or products who have completed research and development and are ready to go to market can apply for up to $200,000 in financing. The fund also targets firms that plan to generate a substantial amount of their revenue outside the central New York area. Get more information by calling (315) 470-1887.
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