As a result of severe flooding that affected the Butternut Valley area in July, the Small Business Administration is offering low-interest loans to businesses and residents affected by the flooding.
Businesses may borrow up to $2 million for repairs and $200,000 for homeowners to replace and repair real estate as well as $40,000 for personal property.
Interest rates are 2.8% for businesses, 2% for non-profits and 1.6% for homeowners and renters.
SBA administrator Isabella Casillas Guzman made the announcement on Monday, Sept. 13, in response to Governor Kathy Hochul requesting a disaster declaration for Otsego County, which also affects neighboring counties such as Chenango, Delaware, Herkimer and others.
“SBA’s mission-driven team stands ready to help Otsego County’s small businesses and residents impacted by the severe storms and flooding,” Guzman said in a media release. “We’re committed to providing federal disaster loans swiftly and efficiently, with a customer-centric approach to help businesses and communities recover and rebuild.”
A disaster loan outreach center will be set up at the Morris Fire Department starting on Tuesday, Sept. 14, in order to answer questions about applications for the loan program.
Gov. Andrew Cuomo announced his resignation in a televised address Tuesday, Aug. 10, effective in two weeks.
While the governor denied accusations that he was intentionally inappropriate with anyone, he said that the “politically motivated” allegations against him would plunge the state into disarray.
The three-term governor has been rocked by sexual harassment allegations which included unwanted kisses and touching.
Lt. Governor Kathy Hochul will become the next New York State governor.
Reactions to the resignation were swift.
“While we can now turn to rebuilding our state, it does not mean the end of multiple investigations into the departing governor and his retaliatory enablers,” State Sen. Peter Oberacker, R-Schenevus, said in a statement. ” The brave women who stepped forward to tell their stories deserve justice, along with those who lost their lives needlessly due to the governor’s irresponsible COVID nursing home directive. ”
“New Yorkers can breathe a collective sigh of relief that Andrew Cuomo will no longer be able to wield the immense power of the governor’s office to commit his corruption and abuse, but make no mistake, this resignation is simply an attempt to avoid real accountability for his numerous crimes,” NYGOP Chairman Nick Langworthy said in a media release. “Thousands of lives have been destroyed by Andrew Cuomo and the legislature must continue to move forward with impeachment to ensure he can never run for office again.”
“Gov. Cuomo finally stepping down is ultimately for the good of New York and something I am glad to see finally happening,” Assemblyman Brian Miller, R-New Hartford, said in a statement. This resignation is a definitive new beginning. We deserve a better leader.”
“New York now has a chance to move forward and build a new culture of leadership,” said Sen. Kirsten Gillibrand, D-NY, in a statement. “Lieutenant Governor Kathy Hochul is an exceptional public servant and will be an excellent governor. I look forward to working together to continue serving the people of our great state.”
“Gov. Cuomo’s resignation is welcome news for all New Yorkers,” said Assemblyman John Salka, R-Brookfield, in a press release. “He has finally acted in the best interest of the people. His actions have been disturbing and inexcusable. I am pleased to see the governor step aside and allow government to function properly. I will continue to stand with these women and fight to hold the governor accountable. Congratulations to Lt. Gov. Kathy Hochul, I look forward to working with her in a positive and bipartisan manner.”
“I again want to thank the women who came forward for their accounts and applaud them for their bravery, because today we sent a message to everyone that conduct of this nature will never be tolerated, from anyone,” Assemblyman Chris Tague, R-Schohaire, said in a press release. “I wish to congratulate Kathy Hochul, the next governor of our state, and hope that we will be able to establish a productive, bipartisan relationship to do all we can for the people of New York.”
ONEONTA – It’s not confirmed yet, but Lt. Gov. Kathy Hochul may be at a public meeting of the Mohawk Valley Regional Economic Development Council at 2 p.m. Thursday afternoon at SUNY Oneonta’s Morris Conference Center.
The MVREDC is co-chaired by Larry Gilroy, president, Gilroy, Kernan, & Gilroy, the New Hartford insurance agency, and Dr. Robert Geer, COO and Senior Vice President, SUNY Polytechnic Institute.
All individuals, businesses, organizations, labor and education representatives from the Mohawk Valley region are welcome to attend this public meeting.
HARTWICK SEMINARY – County Democratic Chair Richard Abbate told the county committee when it met last Tuesday that he would have a “surprise guest” at the party’s annual Jedediah Peck Dinner this evening at the Country Inn & Suites.
It was Kathy Hochul, the former congressman from the Buffalo area and former Erie County clerk, who is on the ticket with Governor Cuomo for the lieutenant governor slot.
State Controller Tom DiNapoli, who would keynote the evening, was among the other VIPs. The guest of honor was recently retired Bassett President/CEO Bill Streck, in attendance with wife Karen.