loans http://wrvo.org en Refugee communities diversify upstate business environment http://wrvo.org/post/refugee-communities-diversify-upstate-business-environment <p>The desire for familiar food, clothing, and other products from home is spurring refugee communities in upstate New York to start their own businesses. In response, a group in Rochester has organized a six-week startup business training course to help the Somali refugee community navigate the process.</p><p>“They can actually create their own little local economy where they can exchange, similar to what they had in Somalia,” says David Dey, president and CEO of the <a href="http://www.institute4se.com/" target="_blank">Institute for Social Entrepreneurship</a>.</p> Wed, 25 Dec 2013 12:06:00 +0000 Kate O'Connell 48996 at http://wrvo.org Refugee communities diversify upstate business environment Jefferson County entrepreneurs will have harder time finding startup funds http://wrvo.org/post/jefferson-county-entrepreneurs-will-have-harder-time-finding-startup-funds <p>Entrepreneurs in Jefferson County are going to have a harder time finding startup money, now that a loan fund meant to help them is running low. That's good news and bad news.</p><p>Here's the bad news: The Industrial Development Agency's micro-enterprise loan fund is down to about&nbsp;$31,000. That means the next successful applicant is going to drain it dry.</p><p>"At some point, someone is going to come to the loan fund for dollars for their business, and we won't have any to lend," says Don Alexander, IDA chief.</p> Thu, 14 Nov 2013 00:36:21 +0000 Joanna Richards 47127 at http://wrvo.org Jefferson County entrepreneurs will have harder time finding startup funds Proposal would allow credit unions to lend more to businesses http://wrvo.org/post/proposal-would-allow-credit-unions-lend-more-businesses <p>Senator Kirsten Gillibrand is pushing for Congress to increase the amount of money credit unions can loan businesses. Tue, 04 Dec 2012 21:55:28 +0000 Catherine Loper 30066 at http://wrvo.org Schumer defends lower student loan rates http://wrvo.org/post/schumer-defends-lower-student-loan-rates <p><strong><a href="http://studentaid.ed.gov/PORTALSWebApp/students/english/studentloans.jsp">Federal Stafford Loans</a></strong> allow students to defer student loan&nbsp;payments while attending school full-time. Although current interest rates hold at 3.4%, they are set to double on July 1st as a result of the expiration of the 2007 College Cost Reduction and Access Act.</p><p>Speaking on the steps of <strong><a href="http://www.syr.edu/">Syracuse University</a></strong> on Monday, <strong><a href="http://schumer.senate.gov/">Senator Schumer</a></strong> pledged to put his weight behind a bill to keep student loans at their current rate for another year.</p><p>&quot;It is now a greater burden than almost any other lending burden around,&quot;&nbsp;Schumer said. &quot;For the federal goverment to charge 6.8 percent at a time when interest rates are so low, is almost highway robbery.&quot; Tue, 17 Apr 2012 14:52:42 +0000 Durrie Lawrence 17728 at http://wrvo.org Schumer defends lower student loan rates