Arctic Circle to benefit from Woodburn Grant and Loan Program
Larry Jolly, owner of Arctic Circle located on 315 N. Pacific Highway, is preparing for an avalanche of renovations to hit his restaurant in early March.
Woodburns Urban Renewal Agency approved Jollys grant and loan applications to receive $13,500 at its meeting Jan. 27. Jolly applied for the grants in early January after hearing about the program through neighboring business owner Dale Nelson of Nelson Financial and Estate Planning, Inc.
The part that Im renovating is really old, said Jolly. It has pretty much been the same way since Ive been here.
Jolly and his parents, Raymond and Beverly Jolly, bought the property in November 1988, which led Jolly to buy their portion of ownership after tying the knot with Deanna Jolly on Oct. 2, 1992.
Renovation plans for Arctic Circle include new booths, chairs, carpet, sheetrock, double pane windows and air conditioning and heating. Jolly, who will keep the restaurant open during construction, expects to spend about $25,000 on exterior and interior renovations in addition to the approved grant.
We are pleased to see property and business owners taking advantage of this grant and loan program, said Jim Hendryx, Woodburns economic and development services director. Its intended to help those people, help businesses, make improvements and be more successful. Were excited to see people coming in and utilizing the funds.
The Urban Renewal Grant and Loan Program is available for business and property owners to formulate interior and exterior renovations under two separate applications. The grants offer up to $10,000 for exterior renovations and up to $5,000 for interior renovations with regards to the business owner matching the approved grant amount.
Additional requirements for the program include providing obtainable permits before renovations begin and providing evidence of the projects completion before receiving compensation from the urban renewal agency.
Woodburns primary Grant and Loan Program was established by the urban renewal agency in February 2011, which merely included the downtown area. As the program broadened, local property and business owners responsiveness sprouted, then took a nose dive according to Hendryx.
Shortly after, the grant program was extended to include Young Streets corridor as well as the Young Street and Highway 99E intersection.
Nelson took advantage of that extension, which was approved July 2013.
In total, four businesses have applied for the program since the additional location became available. Participating businesses and properties include Hair West, Purdys Car Wash and Auto Detail, Nelson Financial and Estate Planning, Inc., Arctic Circle and 416 Young Street.
Nelson mentioned his wish to see others invest money into their businesses to better the Woodburn community and looks forward to seeing Jollys renovation upgrade the neighborhood.
I went to Nelsons open house and they did a really nice job, said Lisa Ellsworth, Woodburn city councilor.
Im excited to see another business in that area taking advantage of this and I hope other businesses follow soon. This is a really good thing for Woodburn.