5 minute read

Assistance to businesses during the pandemic........Economic Trends

‘Looking to the future, we want to ensure that as many of our small businesses as possible not only survive the pandemic but thrive despite it.’

L. MICHAEL

TREADWELL, CEcD, is executive director of Operation Oswego County based in Oswego. To contact him call 315-343-1545 or visit www.oswegocounty.org. ooc@oswegocounty.org

Assistance to Oswego County’s Small Businesses During the Pandemic

Throughout the COIVD-19 pandemic, • Counseling & Healing Arts; Operation Oswego County (OOC) • Tavern on the Lock, Inc.; has heightened its focus on the small • Focused Fiscal Force, LLC, a tax prepabusinesses of Oswego County. ration and bookkeeping service;

The OOC COVID-19 Emergency Relief • B & T Sports Shop of Fulton, N.Y., Inc., Program is an emergency loan fund, which a retail sporting goods and team sales store; provides zero-interest, 180-day loans to small • Fulton Screen Printing, a screen printbusinesses with 50 or less employees. ing and embroidery shop;

The maximum loan amount a business • Red Roof Inn; could receive is $10,000 to support operations • Bed Head Hair Company, a salon. and employment that were directly affected Over the Top Roofing, LLC, a roofing by COVID-19. There is no cost to apply, no contractor in the town of Granby, EDM closing costs, no filing fees, and no attorney Contractors Equipment Repair a tool and fees (unless you hire an attorney at your own equipment repair business in the town of expense). Granby, and Kathy’s Cakes and Specialty

Over the course of this program, OOC has Treats, a bakery and ice cream shop in the assisted over 40 businesses from all across Oswego Economic Trends town of Volney, received assistance. County. These businesses Businesses in the provide a wide range of industries from town of Schroeppel that received assistance manufacturing to retail, professional services were Green Cleaning Services of Central to tourism and hospitality, and agriculture New York, Inc., a residential cleaning service, to healthcare. Lindsley Excavating, LLC, which provides

The following are businesses who uti- excavation and site-preparation work, and lized the COVID-19 Emergency Relief Pro- Green Light Courier, Inc./Green Light Freight gram, broken down by municipality. & Trucking, LLC.

CME Electrical Supply, Inc., a wholesale D&D Logging and Lumber, LLC, a electrical and hardware supply company, sawmill, Brown Dog Wood Products, which and Oswego Valley Millwork, which creates specializes in kiln drying and molding manucustom cabinetry, both from the town of facturing, and Charlie’s Auto Service, an auto Hannibal, received assistance. repair shop, all from the town of Palermo,

Businesses from the city of Fulton who received loans. received loans were: Treasure Lilly, Inc., a women’s and chil-

Not all small businesses in Oswego County have struggled with the pandemic. HealthWay Home Products in Pulaski, for example, has embarked on a new $2,795,000 project, consisting of the renovation of two buildings and the purchasing of necessary equipment. It will create 40 new jobs. Financial assistance was provided by Operation Oswego County, the County of Oswego Industrial Development Agency and Central New York Enterprise Development Corporation.

dren’s boutique in the town of Hastings, CT Grass, Dirt & Snow, LLC, a provider of small engine parts and service in the town of Hastings, and Northern Firewood & Earth Products, Inc., a firewood and material supplier in the town of West Monroe, received assistance.

Stone Creek Golf Course, in the town of Oswego, was given a loan.

Businesses in the city of Oswego who received loans include: • Oswego County Business magazine; • Inking Tattoo Company, Inc.; • JP Wholesale Jewelers, Inc.; • Mitchell’s Speedway Press; • Gosek Electrical Company, LLC, and • Canale Insurance and Accounting Services, LLC.

Amedio’s Auto Repair, K & G Sportfishing, LLC, a fishing charter, and Reina Motor Car, a used car sales service, all in the town of Scriba, received assistance.

Harbor Lights Professional Chemical Dependency Service and Take Charge Strength Studio, a fitness center, both in the village of Mexico, received loans. Steve’s Body Shop, a mechanical and auto body repair shop, and Pople Ridge Farm, LLC, an equestrian riding center and show facility, both in the town of Mexico, received assistance.

Allsource Fire Supply, Inc., supplier of pre-fabricated fire suppression systems and components in the Town of Parish and Salmon River Pines, offering cabin rental and guided fishing services in the Town of Albion, received loans.

Port Lodge Motel in the town of Richland, Rainbow Shores, LLC, a restaurant in the town of Richland and Whitaker’s Sport Shop, a tackle shop and 9-unit motel in the village of Pulaski, received assistance.

Finally, FioJos, a food truck service in the village of Lacona and Greene Point Marina, a marina with food, beer, fuel, parts and accessories sales in the town of Sandy Creek, received loans.

In total, 45 loans were approved. Of those, 43 have been accepted and funded. Three of the loans were approved in late fall 2020. Two of the borrowers have not yet completed the initial 180day interest-free period of the loan. Of the 41 businesses who have reached the end of their 180-day interest-free period, 25% of these businesses were able to pay back the loan, in full. The remainder of those 41 businesses rolled theirs over into a two-year, low interest loan.

We are pleased to have assisted so many small business clients throughout Oswego County. We look forward to developing on going relationships with them, many of which are new clients to OOC.

Not all small businesses have struggled in the same way. HealthWay Home Products, an international air filtration company in the village of Pulaski, found its products in such high demand due to the pandemic, that they needed to expand quickly. The $2,795,000 project, consisting of the renovation of two buildings and the purchase of necessary equipment, will create 40 new jobs. Financial assistance was provided by OOC, the COIDA and CNY EDC.

As 2021 begins, businesses are still experiencing the effects of the pandemic, as is our economy as a whole. Looking to the future, we want to ensure that as many of our small businesses as possible not only survive the pandemic but thrive despite it.

Operation Oswego County still has some money available through the COVID-19 Emergency Relief Program for small businesses in Oswego County with 50 or less employees. If your business is in need of assistance, call 315-343-1545.

This article is from: