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December 3, 2012

Official: State grant aided 15 projects


In Oneonta’s current project, 34 new and expanding businesses applied to the program and funding requests totaled $891,800, Lewis said. The 15 businesses receiving awards represent $608,000 in total project costs.

Through this funding, 19 full-time equivalent jobs were retained or created, Lewis said, and eight new businesses were started on Main Street.

The grants provided funding for start-up costs, expansion of inventory, advertising and other business expenses, Lewis said. Preference was given to new businesses, existing businesses with a record of sound business practices, Main Street businesses and businesses created by college students, she said.

“There’s this real desire to stimulate and encourage entrepreneurship,’’ Lewis said. “We’re supporting the people who live here.’’

Applicants could request a grant amounts between $5,000 and $35,000, and a minimum 10 percent owner-equity contribution was required. Lewis, who didn’t release the amounts of specific grants, said at least 50 percent of the total grant funds had to be awarded to start up businesses. She said this year’s recipients were:

New business/college student:

NC Fashion Styling Services, owned by Nichole Bainer, at 10 Market St., personal services. 

New business/first-floor retail:

Project Anthologies — retail/craft studio.

Brand One Consignment, accessories retailer, a pending project on Elm Street.

Liberty Tree Chocolates — specialized food.

Palace Cigar Café — retail.

Otsego Bicycle — retail/sports equipment.

Denim & Diamonds — personal services.

Hands On Arts Institute/Studio — art studio/instruction.

Expanding existing businesses — first-floor retail:

Silks & Treasures — retail/clothing.

Oneonta Spice Co. — retail/food products.

Shakedown Street — retail/clothing.

Theresa’s Emporium — retail/gifts.

Murphy Homecare — retail/home health.

New restaurant:

Roundhouse Restaurant Group – Red Caboose on Main Street operated by Tim Masterjohn.

Expanding existing restaurant:

Rail Benders — restaurant.

Oneonta’s 2010 microenterprise program, which also awarded $200,000, supported nine businesses with total projects costs of $504,000, Lewis said, and 17 full-time equivalent jobs were created, among other assistance for businesses in the city.

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