This Week
  • Renovation work begins this fall on the Sibley Building. Click on the image for a slideshow.

  • Eber Bros. is in a legal fight with the Pension Benefit Guaranty Corp.

  • Tapping into a business model mostly used in larger cities has led to growth at Inde.

  • Suzanne Nasipak-Chapman is Rochester market executive for First Niagara Financial Group.

  • New hotels add to Rochester's hospitality scene, but their impact is not yet certain.

  • The new Golisano Children's Hospital is dedicated.

Hart's Local Grocers to get SBA loan

Rochester Business Journal
February 28, 2014

Rochester’s next downtown grocer will get a $1.15 million loan from the Small Business Administration to help lock in financing for construction, officials announced Friday.

Hart’s Local Grocers plans to open in May on Winthrop Street in the East End.

The SBA funding, plus a $3 million private loan from Canandaigua National Bank & Trust Co., will help pay for renovations to a 20,000-square-foot former auto repair shop behind the Little Theatre.

The grocery owners needed the SBA’s approval for the government loan before receiving the private loan.

“This new grocer will bring a host of benefits to downtown Rochester,” Sen. Charles Schumer said.

“Besides providing convenient access to a healthy grocery for downtown residents, Hart’s Local Grocers will transform a critical, unused property in the East End (and) turn it into an operational business, which encourages commercial development in the area and generates economic activity and tax revenue for the city.”

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google