January 28, 2011
Picente: Grant will help McDonough Hardwoods create 21 Jobs
Oneida County Executive Anthony Picente, Jr. announced today that McDonough Hardwoods, LLC, has received a $315,000 community development block grant. The Office of Community Renewal administers the Community Development Block Grant (CDBG) program for the State of New York. The NYS CDBG program provides financial assistance to eligible cities, towns, and villages. The grant will assist the company with working capital as well as create 21 new jobs. The total cost of the project will be $4.5 million.
The saw mill of the previously existing business, McDonough Lumber, was destroyed by fire in August of 2008. Oneida County worked with its economic development partner, Mohawk Valley EDGE, to secure and administer the grant. “We are pleased to welcome back Dan McDonough, one of the former owners of McDonough Lumber. Small business is the cornerstone of our community, and Dan has a proven record as a successful business person in this community. We hope that this grant will facilitate growth and further success for McDonough Hardwoods,” said Oneida County Executive Anthony Picente, Jr.