Manchester Supplying Loans to Downtown Business for Reinvestment

Downtown Manchester is on the road: from new stores starting to a $1 million parking upgrade. The town is usually stepping up to greatly help business owners roll-up their sleeves and keep carefully the transformation going.

Fixing a mature building can be costly and sometimes difficult to find the funds. But a fresh town program expectations to assist and motivate reinvestment in this area.

At TouchbyJ Hair by Jeicoby Salon & Spa in Manchester…

“I love the city. I love the road. I love all the local businesses,” described Scott Lanney, co-owner of TouchbyJ Locks by Jeicoby Salon & Spa.

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Lanney is worked up about the continuing future of the shop and the downtown region. The shop lately expanded on Main Road and is now planning for a facelift for the façade.

“So far the city is providing us the thumbs through to that and they’re in fact suggesting they are able to help us purchase that which is an enormous asset,” Lanney said.

The town offers no-interest loans to current and potential owners looking to liven up their house or bring older buildings up to code.

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In a statement the mayor wrote partly:

“Downtown is the center of the Manchester community and we are excited to release this initiative to create it better still.”

Businesses can make an application for loans from $25,000 to $250,000.

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Michael Mack lives downtown and works with helping local shops and trying to provide more here.

“I’d like to see even more businesses, you understand. Vacancies, it’s bad for the overall economy or eyesores,” Mack stated.

Businesses need to act quickly: the amount of money is only available this season and then year or before $750,000 works out. The loans are component of an initiative known as Downtown 2020, which also contains reducing a particular mill price and capital improvements. Find out more here.

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