Tuesday, May 15, 2012

Fishing for $$$!

This makes me crazy . . . 

Local resort receives $700,000 federal tourism grant (5/14/2012)
Fish Creek Cabin Resort has received a Business and Industry Guaranteed Loan for rural development totaling $700,000 from the U.S. Department of Agriculture, U.S. Sen. Charles Schumer announced Monday. The funding will allow the resort to purchase cabins and rental equipment and grow business beyond kayaking and canoeing to benefit skiers, fishers, and hikers as well, Schumer said.
Tourism grant awards announced (5/14/2012)
Oneida County Tourism has announced the recipients for its new Tourism Marketing Grant Assistance Program. The awards provide financial assistance for the promotion of tourism attractions, events and activities taking place in Oneida County . . . Fish Creek Cabin Resorts,. 5,625.00,. . .
Microenterprise Grant assists Fish Creek Cabin Resort to begin operations in Taberg, NY (10/27/2011)
Oneida County Executive Anthony Picente, Jr. announced today that Fish Creek Cabin Resort, LLC has received an Oneida County Microenterprise Grant in the amount of $34,200 to assist its startup operations. The Oneida County Microenterprise Grant program, administered by Mohawk Valley EDGE, utilizes Community Development Block Grant funding . . .

The grant will assist Fish Creek Cabin Resort with working capital as they commence a $1.44m civic, recreational and eco-tourism destination project that is transforming a once blighted landscape in the Town of Annsville from an income dormant rental housing community into a 7-acre four-season economically viable recreation campus. 
From a March 2011 OCIDA Notice of Public Hearing we find out that OCIDA
will provide financial assistance to the Company in the form of issuance of a lease for a term of five (5) years, exemptions from mortgage recording tax, exemptions from sales and use taxes and abatement of real property taxes for a period of five (5) years
and buried in this article Indium Corp. makes plans to expand (10/15/10)
the IDA also approved an initial authorizing resolution for the Fish Creek Cabin Resort, which would be located in Taberg and primarily target kayakers visiting the area.
What ever happened to people putting their own capital at risk?  or going to a Bank for a loan? or selling shares to investors to raise capital?

Through their government the Taxpayers have been a silent "partner" to this little Oneida County start up business -- or making "investments" as the politicians like to claim -- right from its inception. But unlike a real partner, they get NO right to a return on the investment of THEIR money: 

It seems like there's no such thing as a free market/level playing field anymore.  Government is involved in everything.  This is discouraging to those who don't want handouts because Government becomes their competitor.

10 comments:

Anonymous said...

And, everytime cutting the budget is mentioned, it's always throwing grandma under the bus or depriving starving kids. Of course, even cuts aren't really cuts they are just cuts in the growth of the baseline. Studies also show that most of business grants either fail or do not increase employment.We wonder why we are $15 trillion in debt?

Anonymous said...

Just who is Fish Creek Resort?

Anonymous said...

No wonder our government budgets are up the creek without a fishing pole.

Anonymous said...

Somebody's cousin?

Anonymous said...

Read that this"project" will create TWO to FOUR FULL OR PART TIME JOBS!! Our taxdollars at work.

Anonymous said...

It would be very informative to know who owns the company. One would not be surprised to discover a political connection.

Austinwalker said...

Family owned business:
Solid Bilt Storage Sheds is owned and operated by Schoen Sales and Service. Schoen Sales and Service is a family owned business that is entering its 35th year of business in the Mohawk Valley, located in Central New York.
In 2004 Schoen Sales and Service acquired Solid Built Storage Sheds from the Zook Family. We build and design all of the storage buildings that we sell and that you see on this site. Our buildings are manufactured locally in Madison, NY. Our Madison location is home to our Storage Shed Factory and sales lot. Madison is where all of our sheds are custom made and built.
Our Marcy location houses our main office and sales lot. The Marcy location is also home to another of Schoen Sales and Service business, Schoen Brothers Lacrosse.
The Schoen Family

Anonymous said...

Have you seen the website?

Here's the link. The image of the Cabin posted on their website does not entice me to stay there- think I can get close to the same experience in Sherril Brook park.

Anonymous said...

MADISON IS NOT IN ONEIDA COUNTY , why did Oneida county provide $$$ if the sheds are manufactured in Madison County?

Anonymous said...

The owners are indeed a representative of a nice and reputable business group. That, however, begs the political and business questions related to the government participation in the project. As pointed out by some in the Indium situation, it is not the matter of the company but one of the existence of the programs invoving taxpayer money. If a project has merit, it should be financed privately. Why should the taxpayer become an investor in a resort, a downtown hotel or a very profitable manufacturing company?