City OKs loan for downtown renovation

NORWICH – With clearance from the Common Council, a Norwich-based company has been approved for a city loan that will help the clean up and maintenance of one of downtown’s most conspicuous properties.

The loan – given in the amount of $25,000 – was made available through the city’s Economic Development Revolving Loan Program earlier this year. With a hope to invest in the rehabilitation of their properties at 33 and 37-39 N. Broad St. (the current home of Ace Furniture and Things), SMS Enterprises was awarded the loan by council members following a close review and favorable recommendation by the city’s loan committee.

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