Local bank supports Crosby economic development
CROSBY – The Bank of Tioga has awarded a grant of $10,000 to Divide County Economic Development Council, Inc. to help jumpstart expansion efforts of a small business entity in the Crosby area.
The $10,000 will be directed to a private sector manufacturing and retail store looking to relocate from outside of Crosby onto Crosby’s main street.
“The Divide County Economic Development Council is so appreciative to be awarded a $10,000 grant,” said Jerry King, DCEDC president. “Our purpose is to create new job opportunities and help enhance the economic growth and quality of life in Divide County. With this funding we will be able to continue to work towards that exact purpose. We are thankful to have the financial support to assist us with continuing our efforts in growing and diversifying the economy and quality of life in Divide County.”
DCEDC also looks to provide a Housing Fund Program including a rehabilitation fund to assist in the communities’ efforts to rehab existing homes as well as down payment assistance to bridge the gap for more families to qualify for lending opportunities. Likewise, DCEDC helps provide a deferred/forgivable loan program for businesses looking to relocate from a neighboring town onto Crosby’s main street.