07/29/2026
ATTN: Upstate Friends & Neighbors - if you are business affected by the flooding and need financial assistance, please see below:
FOR IMMEDIATE RELEASE July 29, 2026
Columbia Economic Development Corporation (CEDC) Announces Rapid Recovery Microloan Assistance for Flood-Impacted Businesses
Hudson, NY – In response to the recent devastating flooding across Columbia County, the worst flooding to hit the area since Hurricane Irene fifteen years ago, the Columbia Economic Development Corporation (CEDC) is making $200,000. in emergency relief financing available to local businesses impacted by the disaster. Small businesses that have experienced physical damage, business interruption, or other flood-related financial hardships may be eligible for an expedited 5-year microloan up to $15,000 at 3.75%, to support recovery efforts, stabilize operations, and fund critical repairs.
“Small businesses are the foundation of our local economy and the heart of our communities,” said Matt Murell, Chairman of the Columbia County Board of Supervisors. “As our residents and business owners begin the difficult work of recovery, Columbia County is committed to providing meaningful support and resources. This emergency microloan program will help businesses access the capital they need quickly so they can reopen, retain jobs, and continue serving our communities.”
CECD’s Rapid Recovery Microloan program is designed to provide flexible and timely financing for businesses facing immediate recovery needs, helping to bridge the gap while insurance claims, state assistance, or other recovery resources are being pursued.
“CEDC stands ready to support the businesses that drive Columbia County’s economy,” said Jonathan T. Spampinato, President and CEO of Columbia Economic Development Corporation. “We understand that cash flow disruptions and unexpected repair costs can threaten the viability of even the strongest businesses following a natural disaster. Our goal is to provide fast, accessible financing that helps business owners recover, rebuild, and emerge from this challenge stronger than before.”
For more eligibility information or to apply, please email us at [email protected] or call (518) 828-4718.