May 8, 2021 LAKE GEORGE The Lake Champlain-Lake George Regional Planning Board has partnered with the Essex County Industrial Development Agency, Hamilton County IDA and Lewis County Economic Development to offer low-interest loans to businesses affected by the COVID-19 pandemic. Businesses are eligible for loans from $25,000 to $150,000 at an unprecedented 1.9% interest for up to seven years. There are no application or closing costs, and the first 12 months’ payments are interest-only. Eligible business must be located in Warren, Washington, Hamilton, Essex, Clinton, St. Lawrence, Lewis or Jefferson counties. Loans can be used for working capital, equipment purchase or facility upgrades related to the COVID-19 pandemic. All applicants must show how their business has been negatively affected by the COVID-19 pandemic.
eizzo@adirondackdailyenterprise.com
LAKE PLACID The first-ever round of funding from the town of North Elba’s new Local Enhancement and Advancement Fund (LEAF) is going to 17 organizations hoping to either improve residents’ quality of life, protect the environment, preserve the town’s history or provide relief for small businesses impacted by the coronavirus pandemic. The North Elba Town Council approved a slate of funding recipients during its regular meeting on Tuesday, April 13. Altogether, $560,265 will be disbursed. The authorization comes more than two years after Regional Office of Sustainable Tourism CEO James McKenna first asked the Essex County Board of Supervisors to consider raising the county occupancy tax from 3 to 5% to fund town-level projects. The increase went into effect on June 1, 2020.
eizzo@adirondackdailyenterprise.com
The summit of Cobble Hill provides a good view of the village of Lake Placid. Establishing a better Cobble Hill trailhead and improving trail signage is one project to which the town of North Elba is contributing occupancy tax funding.
(Enterprise photo â Peter Crowley) LAKE PLACID The first-ever round of funding from the town of North Elba’s new Local Enhancement and Advancement Fund (LEAF) is going to 17 local organizations hoping to either improve residents’ quality of life, protect the environment, preserve the town’s history or provide relief to small businesses impacted by the coronavirus pandemic.
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The Beller family parents Jon and Taren Beller and sons Owen, Ty and Dax took over Tug Hill Vineyards in Lowville starting in January after the retirement of the original owners, Michael and Susan Maring. (Photo provided)
SARANAC LAKE As part of the Baby Boomer aging phenomenon dubbed the “silver tsunami,” thousands of small business owners are ready to retire in the North Country. Regional planners say that could have a devastating effect on the economy. If only someone could match entrepreneurs with these soon-to-be retirees to keep their businesses going satisfying customers, offering jobs and supporting communities.