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: Main Grind Coffeehouse Address: Massena, NY Start Date: April 8, 2011 Overview: The Main Grind Coffeehouse is a specialty coffee shop that opened in November 2009 and is located in the St. Lawrence Centre Mall in Massena. They serve a variety of specialty coffee and cold drinks like lattes, frappes, smoothies and locally brewed coffee. On site, the business also makes its own cream and butter fudge and an assortment of backed goods. They also offer an array of gifts, mugs, and thermoses. Mr. Hurlbut is seeking funds for renovations and to purchase a two kilo coffee roaster and coffee dispensing equipment that should expand his business clientele. Actions Taken: St. Lawrence County Local Development Corporation Microenterprise Grant Program (MGP) ..................................................................$17,328 St. Lawrence County Local Development Corporation Microenterprise Revolving Loan Fund (MRLF) ........................................................$9,900 Economic Indicators: Jobs Maintained and Generated – This project will assist in maintaining 2.5 FTE jobs Targeted Employment Opportunity – The purpose of the MGP and the MRLF is to create employment opportunities for persons of low-moderate income (LMI). This project provides assistance to an entrepreneur who meets the LMI guidelines. Other Financing Leveraged: Private Equity ..................................................................................................$23,059 NBT Bank..........................................................................................................$3,000 Improve Corporate Performance – This investment will stimulate the creation of new products and markets for the business. Targeted Business – This project is in line with the Microenterprise Grant Program objective to target assistance to businesses which are located in an existing commercial space, and to those that offer a specialty or “niche” product.