(WBNG Binghamton) Tioga County was awarded $250,000 from the Southern Tier Region Economic Development Corporation.
According to a news release:
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.