Money is available, if you can afford it

CORNWALL — In the next month, local businesses are expected to put together applications for a facade grant program.

The grant is administered by a specially appointed town committee that will distribute up to $125,000 in state STEAP (Small Town Economic Assistance Program) funding.

It has sparked praise among business owners for the efforts of the Board of Selectmen — and relief for many who say they have had to put off even the most basic of maintenance, such as painting. The last thing the merchants want to do is seem critical of the plan, but some say they fear the program will not succeed because many can’t afford to put the money out up front.

The issue is reimbursement. Getting 80 percent back on up to $8,000 is a good thing. But some business owners say they don’t have the money, especially after a very tough year.

“My business was down by half last year,� said Bianca Griggs, who owns the Wish House in West Cornwall. “I need to paint the trim on my building, and I would do the work myself, but it’s going to cost about $3,800 just for the paint. That’s money I don’t have.�

She has not looked into a bank loan yet, and wonders if a small business can even get a loan right now, even with a guaranteed reimbursement. She added that interest rates are likely to be high.

Across the railroad tracks, Cornwall Bridge Pottery Store owner Todd Piker said he has been “getting around� to painting and some carpentry work for a long time. He wants to take advantage of the grant, but has questions as he starts to put together an application. For one thing, the grant is promoted as a way to also pump money back into the local economy, when contractors here are tapped to do the work.

“I have some work that can’t be done by anyone in town,� Piker said. “I don’t think that’s a requirement, but I don’t know if that will affect my application.�

First Selectman Gordon Ridgway said that won’t be an issue, and welcomes input and questions from businesses, as he and the committee work to facilitate the grant program. It’s a first for most.

But what he cannot answer right now is the big question; Can the town distribute at least a portion of funding up front?

“We’re doing this the way the state recommends,� he said. “This is the only real way to assure the work is done and the money is all spent on it. We are absolutely aware that businesses are having a tough season, but I’m not sure how much leeway the state will give us. Our application to the state was for a reimbursement program.�

Changing the way the grant is administered would likely mean starting over with a new application to the state.  

“We’ll see what happens with the applications that come in. If we have to do a round two, that’s what we’ll do,� Ridgway said.

But no one wants to wait any longer than necessary. Most business owners feel they cannot afford to take a wait-and-see attitude, saying they need to be even more proactive than they have been. The facade grant, which applies to all sorts of exterior work on existing structures, is crucial to putting forth a face of prosperity that will attract tourists and other shoppers.

“It’s about asset protection,� Piker said.

At the Cornwall Inn in Cornwall Bridge,  business has reflected a townwide slow down.

Owners Mark Hampson and Stacey Marcin hope to be able to paint and do some other deferred exterior maintenance.

“It’s an old inn that always needs work,� Hampson said. “No one is going to find it easy to put money up front, but free money is free money.�

Marcin added that they wouldn’t be able to do the work without the grant funding.

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