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New bakery planned for Capitol Hill area
The Capitol Hill development district is about to get a new bakery, funded in part with federal funds through the city of Oklahoma City.
It’s a small loan at just $35,000, but that’s all Sara Miller really needs to cover startup costs such as furniture, fixtures and equipment to get Confections LLC off the ground, she said. If the bakery is successful – and City Hall officials believe it will be, according to her business plan and experience in the industry – the loan will be paid off quickly at about 2-percent interest. Miller expects to close the lease on a property in the 300 block of SW 25th Street between Thanksgiving and Christmas.
“We’re trying to capture a big city style pastry shop, more like an old French bakery with desserts you might see if you went out to eat at a nice restaurant,” Miller said. “It won’t be like a little cupcake or cookie store … (but) more like what the area deserves.”
City Council members approved the loan agreement with Miller on Tuesday. It taps into the city’s fiscal year 2017-18 Community Development Block Grant funds from a commercial district revolving loan fund under the city’s small business development lending program. It is also the first loan made with the $300,000 grant from the U.S. Department of Housing and Urban Development.