PRESS RELEASE: May 3, 1013
TIOGA COUNTY ECONOMIC DEVELOPMENT AND PLANNING
56 Main Street, Owego, NY 137827
Contact: Douglas W. Barton, Director – 607–687-8254
NEW COUNTYWIDE BUSINESS ASSISTANCE PROGRAM AVAILABLE!
Tioga County Commercial 0% Commercial Facade Improvement
Tioga County was awarded $250,000.00 from the Southern Tier Region Economic Development Corporation (STREDC).
The program provides 50% of total project cost with a 0% loan to assist in the prevention and elimination of slums and blight and encourages the revitalization of commercial buildings in Tioga County’s commercial “Main Street” centers.
Eligible Use of Proceeds: Exterior facade renovations on design elements that are a structural part of eligible commercial buildings such as doors, windows, exterior refinishing and repairs, removal of non-original facades and rehabilitation of original facades, signage, awnings, attached lighting, decks and back façade along the river.
Application Fee: $100.00 (non-refundable)
Commitment Fee: 1% of the approved loan amount
Available Financing: $2,500.00 – $10,000.00
Interest Rate: 0% fixed
Term of Loan: Up to 5 years as follows:
$2,500 – $5,000 - 2 years
$5,000 – $7,000 - 3 years
$7,000 – $10,000 – 5 years
Contact for more information/application:
Teresa Saraceno, Tioga County Economic Development at 607-687-8260.
Road work, paving and milling, will be underway from Wednesday, May 22nd through Tuesday May 28th for areas involving Rock and Bridge streets.
Village of Newark Valley Department of Public Works