Loan Approved for TES Corporation and New Process Cleaners for Acquisition of Vacant Building in the City of Amsterdam
October 6, 2016
FOR IMMEDIATE RELEASE
Kenneth F. Rose, Director
Business Development Center
Old County Courthouse, P.O. Box 1500
Fonda, NY 12068
Phone: (518) 853-8334
Fax: (518) 853-8336
Fonda, NY – The Montgomery County Business Development Center is pleased to announce the recent approval of a $100,000 Loan to TES Corporation and New Process Cleaners leading to the retention of 6 full time equivalent employees and creating an additional 4 within three years. TES Corporation and New Process Cleaners will purchase a vacant commercial building on Division Street in the City of Amsterdam to be renovated and utilized as a Laundromat and drop off point for dry cleaning services.
“In both the western and eastern ends of Montgomery County, the Montgomery County Business Development Center (MCBDC) continues to get results. The approval of the loan to TES Corporation and New Process Cleaners, which will retain and create jobs, is indicative of the momentum of our local economic development efforts and the local economy,” Montgomery County Executive Matthew L. Ossenfort said. “This is highlighted by the recent numbers that show our private sector job growth rate is higher than the state’s average and the county’s unemployment is the lowest it’s been in a decade. I applaud the MCBDC for its efforts to work with businesses, both small and large, and help them locate and flourish throughout Montgomery County.”
TES Corporation, DBA New Process Cleaners, was founded in 1996 by Joel-Bien after purchasing the Amsterdam/Johnstown region’s oldest dry cleaning operations. The current Amsterdam facility is located on Brookside avenue in Amsterdam, while the dry cleaning facility is located in the City of Johnstown. The new retail location in the City of Amsterdam will act as a drop off and pick up location where garments are transferred to the processing plant in Johnstown for servicing.
About Montgomery County Business Development Center
The Montgomery County Business Development Center is a comprehensive resource for business and economic development and planning services throughout Montgomery County. Available services include business development and technical assistance; company and facility siting; workforce and labor development; and government coordination, including permit processes and incentives. In addition, the Center provides County Planning services and grant writing. The Montgomery County Business Development Center is comprised of the Montgomery County Industrial Development Agency, Montgomery County Capital Resource Corporation and the Montgomery County Department of Economic Development and Planning.
For Further Information Contact us at 518.853.8334.