Tuesday May 8, 2018

Business Boon: Grant Monies Available in Port City

Mayor: $525,000 Downtown Improvement Fund for Oswego Set

    Mayor William "Billy" Barlow

    The Oswego Downtown Improvement Fund has been launched.


    It is one of 12 projects from Gov. Andrew Cuomo’s $10 million Downtown Revitalization Initiative the city of Oswego captured in July of 2016, according to Oswego Mayor William “Billy” Barlow.


    The fund makes $525,000 available in grant funding to downtown Oswego businesses for improvements, renovations and expansions ranging from small $3,000 grants for new signage and outdoor programming opportunities to approximately $60,000 grants for large-scale renovations and expansions.


    “The Downtown Improvement Fund provides our small downtown businesses the opportunity to improve their storefronts and participate in the Downtown Revitalization Initiative,” Barlow said.


    After winning the DRI, the city was committed to using a portion of the $10 million funding to help its downtown existing small businesses.


    “On a regular basis, I am approached by business owners looking for grant funding to improve their business,” Barlow said. “Finally having grant money available to offer to those business owners is very exciting and will certainly add to our comprehensive downtown revitalization plan.”


    Monies aim to fund 10 façade improvement projects, approximately five new building sign improvement projects and four residential or commercial expansion projects.


    Eligible businesses must be located in the DRI boundary and may apply for multiple grants.


    Barlow also announced he will be hosting two public informational sessions on May 22 to discuss the application process, eligible activities, scoring criteria and other important information to ensure all business owners are aware of the available grant funding.


    The two public informational sessions will be held from 5-6 p.m. and from 6:30-7:30 p.m. at the Oswego Canal Commons Conference Room, 197 W. First St., Oswego.


    Pre-applications will be made available at the informational session and general applications will be made available June 1 at the Oswego Economic Development Office, 44 E. Bridge St., Oswego.