Loan Approved for the Flooring Authority for the Acquisition of a Vacant Building in the Edson Street Industrial Park
October 7, 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 $252,000 Loan to the Flooring Authority leading to the creation of 9 full time equivalent employees within three years. The Flooring Authority will purchase a vacant industrial building in the Edson Street Industrial Park in the City of Amsterdam. The acquisition and renovation of this facility will allow the Flooring Authority to expand their current direct installation business as they have outgrown their space at the current location in the City.
“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 the Flooring Authority, 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.”
The Flooring Authority was established in 1987 and they specialize in commercial and industrial flooring removal, surface preparation and installations throughout the Capital District.
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.