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The GPO Federal Credit Union will administer a $650,000 government loan to renovate a stone mill built in 1839 to include tourism and business spaces.

The Stone Mill of Little Falls LLC in New York will receive a loan from the U.S. Department of Agriculture Rural Development’s Business and Industry Guaranteed Loan Program. Thirteen businesses currently occupy the five-level mill including a small theatre, antique shop, ice cream shop and a boutique inn. The $149 million GPO FCU in New Hartford, N.Y. agreed to administer the USDA loan for Stone Mill.

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Peter Westerman

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