L. Michael Treadwell ooc@oswegocounty.org
County of Oswego IDA Releases Annual Report The COIDA was formed in 1973 in accordance with New York State General Municipal Law by the Oswego County Legislature. Members of the agency are appointed by the county legislature. The board of directors as of its fiscal year ending July 21, 2022 was composed of the following: Gary T. Toth (chairman), Nicholas M. Canale (vice chairman), H. Leonard Schick (secretary/ treasurer), Marc Greco, Morris Sorbello, Tim Stahl, and Barry Trimble as directors. I served as chief executive officer and Kevin LaMontagne as chief financial officer. During this fiscal year, significant progress in economic development has been supported by the COIDA. The agency held 12 meetings and seven public hearings during this period. The COIDA supported 22 projects that have invested or will be investing $89.5
millions in Oswego County. The job impact of these projects will result in 155 new jobs and the retention of 164 existing jobs over the next three to five years. During this period, the COIDA provided or approved assistance through four of its nine financial assistance programs. The two programs which supported the greatest number of projects were the Straight Lease Transaction and the Micro Enterprise Program Economic Development Fund, representing 68% and 27% of the projects respectively. The Straight Lease Transaction provides financial assistance to companies via real property tax, sales and use tax and mortgage recording tax exemptions as authorized by NYS General Municipal Law. The program supported 15 projects projected to create 139 and retain 143 jobs
Economic Trends
‘COIDA held 12 meetings and seven public hearings during its most recent fiscal year. It supported 22 projects that have invested or will be investing $89.5 millions in Oswego County. The job impact of these projects will result in 155 new jobs and the retention of 164 existing jobs over the next three to five years.’
L. MICHAEL TREADWELL, CEcD, is executive director of Operation Oswego County based in Oswego. To contact him call 315-343-1545 or visit www.oswegocounty.org.
COIDA acquired 185 acres adjacent to the Oswego County Industrial Park in Schroeppel at a strategic location and even more so due to the Micron Technology announcement.
52 OSWEGO COUNTY BUSINESS DECEMBER 2022 / JANUARY 2023
