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Picture of OBDC Building

Come Home, Stay Home

Renovation Timeline

Updated: Feb 9

Part of the new business model was to renovate the building, which hadn’t been updated in decades. A key element of this was adding an elevator to the building and renovating/repurposing what had for years been classrooms into usable office spaces. With the help of a New York State Empire State Development grant, the generosity of local donors and a mortgage from Greater Olean Area Federal Credit Union, the building’s first 3 floors were fully renovated and housed a mixture of not-for profit and for-profit businesses which help to stabilize the sustainability of the building financially. Union Tea, an original anchor incubator tenant, had their space built out and renovated as well, enabling their business to thrive in a prime location on N Union Street in downtown Olean. Two intriguing spaces that are available for use by all GOACC members and also for a fee to the general public are the Erick Laine Boardroom and the Sister Margaret Carney Lecture Hall.

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