L. Michael Treadwell ooc@oswegocounty.org
County of Oswego IDA Presents Annual Report
T Agency’s programs supported creation of 238 new jobs, retention of 1,068 existing positions
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.
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COIDA supported 23 projects that have or will be investing more than $111 million in Oswego County.
he County of Oswego Industrial Development Agency (COIDA) presented on Nov. 3 its annual report to the Oswego County Legislature’s economic development and planning committee. The report provides an account of COIDA’s economic development activities during the 2019-2020 fiscal year, which ran from Aug. 1, 2019 to July 31, 2020. During this productive period, COIDA to create 42 jobs in Oswego County. The supported 23 projects that have or will be projects that are being assisted through investing more than $111 million in Oswethis program are HealthWay in the town of go County. Furthermore, these projects are Richland and Brown Dog Wood Products expected to create 238 new jobs and retain in the town of Palermo. 1,068 existing positions in Oswego County Other forms of asover the next three to five sistance administered years. Economic Trends by the COIDA during During the 2019-2020 the 2018-2020 fiscal year fiscal year, COIDA providincluded the Micro Enterprise Program ed or approved assistance through five of Economic Development Fund, which supits nine financial assistance programs. The ported two projects, the PILOT Economic two programs which supported the greatest Development Fund, which supported two number of projects were the Straight Lease projects, and the Housing and Urban DeTransaction and the USDA Intermediary velopment Economic Development Fund, Relending Program Economic Development which supported one project. Fund, representing 78% and 9% of the projects Business projects assisted were distribrespectively. uted throughout Oswego County, located in The Straight Lease Transaction provides 11 towns and both cities. Projects representfinancial assistance to companies via real ed numerous industry sectors, including property tax, sales and use tax and mortgage manufacturing, services, housing, tourism/ recording tax exemptions as authorized by recreation, warehousing, agribusiness, NYS General Municipal Law. The program healthcare, energy and mixed-use. supported 18 projects projected to create Eight projects were energy related, six 154 and retain 1,068 jobs in Oswego County. were manufacturing, one was agribusiness, Some examples of projects that were one was tourism related and two were assisted through this program include mixed-use and two were service businesses. Universal Properties in the town of Mexico, Seven of the 23 projects were in solar Northland Filter in the city of Oswego, 43 energy, representing 30% of all projects North Marina in the town of West Monroe, and 33% of total capital investment. Detail GSPP in the town of Hastings, Huhtamaki on each is provided in the COIDA annual in the city of Fulton, Champlain Valley in report which may be found at www.oswethe town of Oswego, DePaul Properties in gocountyida.org. the city of Oswego, ASA Volney NY Solar Members of the County of Oswego IDA in the town of Volney and LeRoi, Inc. in the Board, during the fiscal year, are Gary T. Toth city of Oswego. (chairman), Nicholas M. Canale, Jr. (vice The USDA Intermediary Relending chairman), H. Leonard Schick (secretary/ Program Economic Development Fund was treasurer), Thomas Kells, Morris Sorbello, capitalized from a loan from USDA and Tim Stahl, and Barry Trimble. L. Michael matching funds from the COIDA. It provides Treadwell serves as the chief executive officer loans primarily for the purchase of machinery and Kevin LaMontagne serves as the chief and equipment, as well as renovations. The financial officer. program supported two projects expected OSWEGO COUNTY BUSINESS
DECEMBER 2020 / JANUARY 2021
