but it’s clear that we need more permanent solutions.” The OCEDC is also working with local governments to explore zoning changes and tax incentives that could make it easier for developers to build new housing.“Housing is going to be one of our biggest focuses in the coming years,” Pharo says.“It’s directly tied to our ability to attract and retain workers, and it’s essential for our long-term growth.” SUPPORTING SMALL BUSINESSES AND ENTREPRENEURS While Oneida County’s manufacturing and tourism sectors are critical economic drivers, small businesses also play a vital role in the community. The county is home to numerous “mom and pop” shops, many of which have flourished thanks to support from the OCEDC. During the COVID-19 pandemic, the OCEDC helped 37 small startups secure bounce-back grants, providing them with $10,000 each to cover rent or operating costs. “We’ve seen an incredible entrepreneurial spirit emerge after COVID,” Pharo says. “People are more willing than ever to take the leap and start their businesses.” OCEDC’s sister corporation Northeast Wisconsin Economic Development Corporation (NEWEDC) has a revolving loan fund that helps support small businesses beyond grants. The organization offers a micro revolving loan fund, providing businesses with loans ranging from $5,000 to $35,000 to cover operating costs or help them secure bank financing. “We’re filling a critical gap for small businesses,” Pharo explains. “These loans help businesses get off the ground and grow until they qualify for conventional bank loans.” One success story that stands out to Pharo and VanZile is that of two brothers who started a broadband company with the OCEDC’s help. “We helped them write their business plan and secure grants to build broadband towers,” Otis says. “They eventually sold the company to a larger provider, Trident Maritime Systems is America’s oldest and largest provider of turnkey marine outfitting solutions. The global company serves shipbuilders & owners in the cruise, military, offshore oil & gas and commercial ship markets. If there’s a military, cruise, or commercial project in a shipyard, there’s a good chance Trident is working on it. Visit our website at: https://www.tridentllc.com 296 CIVIL AND MUNICIPAL VOLUME 05, ISSUE 11
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