County offers financial assistance to new Sherburne business
NORWICH – Chenango County will apply for a $750,000 community development block grant from New York State to assist a home manufacturer in its $6.5 million purchase of Sherburne-based Lok-N-Logs.
Commerce Chenango President Maureen Carpenter outlined the agreement being forged between Barkmann Master Carpenter Homes and the county before a meeting of the Board of Supervisors Monday.
The German company manufactures zero energy homes and is completing the aquisition of Lok-N-Logs properties on state Rt. 12, including the recently completed, 57-acre model village, as well as the former cotton mill in the village.
The company has plans to create 65 jobs over the next three years and retain 34, said Carpenter.
The grant, if received, would be loaned to the company in the form of a revolving loan, repayable to Chenango County over a specified time period.
Commerce Chenango President Maureen Carpenter outlined the agreement being forged between Barkmann Master Carpenter Homes and the county before a meeting of the Board of Supervisors Monday.
The German company manufactures zero energy homes and is completing the aquisition of Lok-N-Logs properties on state Rt. 12, including the recently completed, 57-acre model village, as well as the former cotton mill in the village.
The company has plans to create 65 jobs over the next three years and retain 34, said Carpenter.
The grant, if received, would be loaned to the company in the form of a revolving loan, repayable to Chenango County over a specified time period.
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