St. Lawrence County Industrial Development Agency

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St. Lawrence County Industrial Development Agency
Human Services Center
80 State Highway 310 Suite 6, Canton, New York 13617-1496
Phone: (315) 379-9806 Fax: (315) 386-2573
Raymond H. Fountain
Chief Executive Officer
BENCHMARK
Project:
A Unique Boutique for Creatures Great and Small
Address:
Brasher Falls, NY
Start Date:
July 28, 2011
Overview:
Wanda Padgett would like to open a retail pet store and pet-grooming boutique on Main
Street in Brasher Falls. She is seeking $8,000 from the St. Lawrence County LDC for
equipment and inventory.
Her boutique will offer foods that are not available at places like Walmart. She will make
homemade pet foods and will carry gluten free foods. She does not want to carry any
foods made out of the country but produced in the U.S. or locally. The biggest portion of
her business will be the grooming. While there are other groomers in the area, there is
strong demand for these services. She feels there is enough demand for the service for
her to open her business.
She will be locating on the first floor of a two-story building on Route 11C, Brasher. She
feels with this location that her market capture area should be a 50 mile radius.
Actions Taken:
St. Lawrence County Local Development Corporation
Microenterprise Revolving Loan Fund (MRLF) ........................................................$8,000
Economic Indicators:

Jobs Maintained and Generated – This project will assist in creating .5 FTE jobs
over the next three years

Other Financing Leveraged:
Private Equity ....................................................................................................$7,500

Revitalized Properties – This project will occupy a vacant commercial building.

Targeted Employment Opportunity – An objective of the Microenterprise Revolving
Loan Fund is to create employment opportunities for persons of low-moderate
income (LMI). This project provides financing to an entrepreneur who meets LMI
guidelines.
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