Two area businesses are planning to expand by purchasing vacant buildings in the City of Amsterdam with the help of loans from the Montgomery County Business Development Center.
According to press releases from the MCBDC, TES Corporation and New Process Cleaners will receive a $100,000 loan to purchase the former Hotaling Florist building on Division Street. Currently, the dry cleaning business operates a processing plant in Johnstown as well as a location on Brookside Avenue in Amsterdam. The new location on Division Street will serve as both a laundromat and drop-off and pick-up location for dry cleaning. According to the release, the loan will help retain six full-time equivalent employees and create an additional four jobs within three years.
The MBCDC also announced a $252,000 loan for The Flooring Authority to purchase a vacant building at 6 Sam Stratton Road in the Amsterdam Industrial Park. According to the release, the direct installation flooring company has outgrown their current location at the Walter Elwood Museum/Rao Center building on Church Street. The loan is expected to help create nine full-time equivalent employees within three years.
County Executive Matt Ossenfort praised the MCBDC on working with both businesses and said the loans were “indicative of the momentum of our local economic development efforts and the local economy.”
Ossenfort added, “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.”
