CAIRO, NEW YORK – The Bank of Greene County announced today that it has pledged up to $5 million in low interest loans to support future business investments on Main Street, in Cairo, NY.
Don Gibson, President & CEO stated: “Based on the economic growth that Main Street in Cairo has been experiencing over the last year, we believe the Main Street Business District is poised to flourish. Therefore, we have designed a unique loan program to keep the momentum moving forward. The program will support existing and new business entrepreneurs, which we believe will spur more investments.”
The Bank feels our deep involvement with the community is a central part of our business philosophy. I like to say, we are from here, for here, and for good; because the prosperity of our company ultimately rests with the promise of the people and places we serve.”
The low interest loan program is specifically designed for existing and new businesses to invest and make improvements to their buildings in the Main Street, Business District.
Harry Lennon, Greene County Legislator, stated: “I was elated at this announcement because it fits so well with the County’s efforts in Economic Development. Businesses are coming back to Main Street in Cairo and new people are moving in to enjoy our community. With recent improvements to the Angelo Canna Town Park, and major water and sewer projects advancing in the spring for industrial development, the town is becoming an even greater place to live, work, and raise a family. This funding opportunity will only accelerate the process of our revitalization efforts, and we are fortunate and proud to have the Bank of Greene County as such a committed partner.”
Jason Watts, Town Supervisor, Town of Cairo stated: “This is a great opportunity for businesses in Cairo. In the last several years, there have been many improvements made to Main Street. The Town of Cairo is coming back.” Diana Benoit, President of the Cairo Development Foundation, added: “People are re-investing, especially in the Main Street corridor. The Bank has always been there for us and for the town.”
Larry and Katrina Lee, of Lee Physical Therapy, are the first applicants in the program. Per Katrina, “we are looking forward to moving our business to Main Street, where we will be able to expand and offer more services. The low interest loan will help with the costs for renovations for our new building.”
For more information regarding the Bank of Greene County, Low Interest Loan Program, please contact any of the following Bank Officers, Joseph Rothrock, John Antalek, Robert Agostinoni, or Christa Bush, for assistance at 518-943-2600.