2019-08-31 20:03:45

Twenty-one jobs were created among nine companies with help this year from an Oneida County program that uses state-channeled federal community renewal funds directed to helping people of low or moderate incomes.

The Oneida County Program Income Grant program is designed to use the county’s New York State Office of Community Renewal income funds to help new and existing businesses create and retain jobs, according to a county announcement Friday.

This year, $431,650 was awarded for equipment purchase and production expansion. The money is in the form of grants to eligible businesses through Mohawk Valley EDGE, Economic Development Growth Enterprises Corporation.

The program may involve projects of microenterprise, small business and economic development as defined by the New York State Office of Community Renewal Community Development Block Grant guidelines. CDBG grants are administered by the U.S. Department of Housing and Urban Development, and this program is distributed through the state.

To be eligible, businesses must be in in Oneida County but not in Rome or Utica, which have their own similar programs. In addition, they must be involved in manufacturing, warehousing and distribution, agri-business, high technology, research and development and traditional and innovative small business sectors, and create jobs held by people with low or moderate incomes as defined by state and federal guidelines.

Grant funding may be used for the purchase of capital assets such as production machinery and equipment, furniture, fixtures and working capital.

Awarded funding this year were:

• Riverhawk Company of New Hartford, $90,000 for milling equipment purchased for increased productivity and efficiency.

• Delta Hardwood Flooring of Boonville, $66,650 for inventory expansion for hardwood floor finishing line.

• Joe’s Jerky of Sherrill, $50,000 for production equipment purchases, capacity and distribution upgrades.

• Square One Coating Systems of Whitestown, $50,000 for equipment purchases for expansion into new markets and efficiency upgrades.

• Paris Compression Molding of Marshall, $35,000 for equipment purchases for diversification and expansion into new markets.

• Audioptix of New Hartford, $35,000 for equipment purchase for modernization as a creative production hub in Central New York.

• Adirondack Barrel Cooperage of Remsen, $35,000 for equipment purchase for expansion and product customization.

• Willson’s Nursery of Waterville, $35,000 for automated filling machine for increased capacity and efficiency.

• Metal Parts Manufacturing of Trenton, $35,000 for milling machine and upgrade for increase capacity and efficiency.

“Oneida County continues to leverage strategic investments that help our local businesses grow and thrive,” Oneida County Executive Anthony J. Picente Jr. said in a statement. “We are pleased to have facilitated the awarding of this funding along with our partners at Mohawk Valley EDGE and I am pleased to see that it has resulted in a positive economic impact on our community.”

Capital in small amounts is often difficult to get for small businesses in the county, according to EDGE President Steven DiMeo.

“This partnership with Oneida County helps startup and existing companies provide new jobs opportunities, keep existing jobs and, ultimately, broaden the tax base of Oneida County,” DiMeo said.





Source link

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *