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| June 2009 Newsletter | |||||||||||||||||||||||||||||||||||||||||||
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Orange Business Expo - June 10, 2009
The 2009 Orange Business Expo scheduled for Wednesday, June 10, 2009 is Sold-Out and will be hosted at the Yale West Campus, 137-141 Frontage Road, Orange, CT. Curious about the facility? Take this opportunity to visit the brand new Yale University West Campus, meet and greet our sponsors and network with peers, your potential customers & the competition. This year's projected attendance is 500+ Visitors. FREE AND OPEN TO THE
PUBLIC
SBA Loan Program Available to Small Business
About the ARC Loan Program ARC loans can be used to make payments of principal and interest, in full or in part, on one or more existing, qualifying small business loans for up to six months. ARC loans provide an immediate infusion of capital to small businesses to assist with making payments of principal and interest on existing debt. These loans allow borrowers to redirect cash flow from making loan payments to investing in their businesses, to help sustain the business and retain jobs. For example, making loan payments on existing loans with proceeds from an ARC loan can allow a business to focus more funds on core operations, such as buying inventory or making payroll. ARC loans are interest-free to the borrower, carry a 100 percent guaranty from the SBA to the lender, and require no fees paid to SBA. Loan proceeds are provided over a six-month period and repayment of the ARC loan principal is deferred for 12 months after the last disbursement of the proceeds. Repayment can extend up to five years. The best candidates for ARC loans are small businesses that in the past were profitable but are currently struggling, yet have been making loan payments or are just beginning to miss loan payments due to financial hardship. ARC loans are made by commercial lenders who are SBA participants. The SBA will pay these banks a monthly interest rate throughout the term of the loan. Lenders can find more information here. Non-SBA lenders can easily become SBA participants by working with their nearest SBA district office. Businesses interested in applying for an ARC loan should first contact their current lender. ARC loans will be offered by some SBA lenders for as long as funding is available or until September 30, 2010, whichever comes first. For additional information follow the
following links:
1. Chip's Production & Design was completed by Michele Collins Associates.
2009 Advertising
Rates: This high visibility campaign will next run on Sunday July 5, 2009. If you wish to participate in this program you are encouraged to contact the OEDC immediately, as advertisement space is limited and going quickly. This is a great way for Orange businesses to showcase their company on a dedicated page that encourages traffic to our wonderful Town. You can feature your business in 4-color for as little as $85.00 per advertisement. The campaign runs each month through March 2010. Space is limited and sizes are available on a first come basis, so don't delay. To participate or simply inquire about the availability of advertisement space please contact Paul or Annemarie at (203) 891-1045. Boston Post Road Banner Program The 2008-2009 Boston Post Road Banner Program is preparing sales for the Summer Season. Businesses interested in sponsoring a banner, may advertise their company name at any of the 11 light pole locations remaining along the Boston Post Road. The Summer Season Banners are expected to be installed by June 15 and will remain in place until September 15, 2009. Banner Costs are $150.00 per season.
Banner locations are determined at the time of sale and are committed on
a first come - first serve basis. To participate you need to
simply You may download the Banner Program Brochure Application to learn more about the program, including the Boston Post Road Light locations that are currently available for sponsorship - Download Program Brochure Now.
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Orange Economic Development Corporation
Officers 2007 - 2008
Alan M. Fischer, President
Fischer Real Estate
Armand J. Cantafio, Vice
President
NORTHEAST Electronics
Paul Gehr, Secretary
Westport National Bank
Thomas Cariglio, Treasurer
The United Illuminating Company
Board of Directors
John Apicella
Apicella Adjusters
Robert Archambault
Orange Chamber of Commerce
Jordan Arovas
Webster Bank
Nadine Azzaro
Courtyard Marriott
Jake Bajko
CTI Industries
Ronald Capozziello
People's United Bank
Thomas Cavaliere
Weichert Realtors
Tom Chaplik
Regional Water Authority
Debbie Clancy
Wachovia Bank
Joseph Cuzzocreo
Resident
Louis Didinatto
Rhode Island Distributing Company
Earl DiGioia
Light Sources, Inc.
Frank Donroe
Sam's Club
Roger Funk
F & W Equipment
David Kennedy
Reno's Pizzeria
Raymond Kostka
New Alliance Bank
David Lepri
Commerce Bank
Thomas Lozier
Finlay Fine Jewelers
Linda Mariotti
Inova Federal Credit Union
Angelo Melisi
Melisi Food, Inc.
David Metzger
Sign-A-Rama
Erika Oliphant
Coldwell Banker
Michael Richetelli
Colonial Properties
Carl Russell
George J. Smith Real Estate
Tony Sherman
Southern Connecticut Gas Company
Russ Smith
Amity Construction
Judy Smith-Morgan
Orange Hills Country Club
Brian Stone
Sousa Stone & D'Agosto
LLC
Harry Traub
Elm Street Partners
Joseph Vittoria
PEZ Candy, Inc.
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| OEDC | 605A Orange Center Road | Orange, CT 06477 | |||||||||||||||||||||||||||||||||||||||||||