At its meeting today, the County of Chautauqua Industrial Development Agency (CCIDA) Board of Directors approved financial assistance to Hanover PV, LLC, including Payment in Lieu of Tax (PILOT) agreement providing real property tax abatement, sales tax abatement, and mortgage recording tax abatement for a new community solar farm planned there.
CCIDA AWARDS $5.7 MILLION IN FEDERAL EDA FUNDING IN FIRST ROUND OF FUNDING
The CCIDA Board approved funding for 28 businesses and non-profit entities in the following sectors: manufacturing/warehousing; not-for-profits; retail/commercial/agriculture; small business; and tourism/hospitality. All said, $5,736,293 in funding was approved by the Board of Directors after a thorough review by the Loan Committee, which will, in addition to retaining hundreds of jobs, create upwards of 100 new jobs.
OUTDOOR ARTS, ENTERTAINMENT, AND AGRITOURISM DURING THE COVID-19 PANDEMIC
All businesses, including low-risk outdoor arts and entertainment, agritourism, farmers markets, and craft beverage producers must comply with industry-specific guidelines to reopen and to remain open during the COVID-19 Public Health Emergency. The State’s guidance, available at https://forward.ny.gov.
CCIDA AWARDED $10.5 MILLION IN FEDERAL FUNDING TO ESTABLISH NEW LOW-INTEREST REVOLVING LOAN FUND
The U.S. Economic Development Administration (EDA) officially announced on September 9th that the County of Chautauqua Industrial Development Agency (CCIDA) has been selected as the recipient of a $10.5 million grant through the CARES Act, which will enable the agency to establish a new Revolving Loan Fund (RLF). The RLF will provide capital in the form of low-interest loans to both businesses and non-profit organizations as a means to respond to economic injury resulting from the COVID-19 pandemic.
GRAHAM’S MARKET IS OPEN FOR BUSINESS!
The County of Chautauqua Industrial Development Agency (CCIDA), in collaboration with Five Star Bank and Southern Tier West, provided a financing package for the purchase and re-opening of this sole grocery store located in the Village of Sherman in late 2019, at which time Mr. Graham moved ahead with the project to purchase and renovate the facility as a local grocery store.
COUNTY’S ECONOMIC DEVELOPMENT STRATEGY UNVEILED
The Chautauqua County Partnership for Economic Growth (CCPEG) recently completed a year-long process to develop a comprehensive County-wide Economic Development Strategic Plan. The plan was presented to the public on Wednesday via video conference.
CONNECTGEN PLANS FOR MAJOR SOLAR PROJECT
ConnectGen has submitted a PILOT application to the County of Chautauqua Industrial Development Agency (CCIDA) for their South Ripley Solar Project, a 270 megawatt (MW) large scale-solar project located in South Ripley, wholly within the town boundaries. The Project will include a 20 MW of battery energy storage component.
ECR Investing in Dunkirk and Utica Facilities
Mark Geise, Chautauqua County’s Deputy County Executive for Economic Development and CEO of the CCIDA said, “For over 90 years, ECR has been an industry leader in the heating, ventilation, and air conditioning (HVAC) market. We are pleased that we could support their ongoing local investment and growth, which will result in the retention of a significant number of jobs and an even stronger foothold in Chautauqua County.”
STANNARD GROUP, LLC HEADQUARTER’S BUILDING COMPLETED IN MASON INDUSTRIAL PARK
Construction of Stannard Group, LLC’s (Stannard) headquarters in the Mason Industrial Park, located in the Town of Ellicott, is complete. In May of 2019, the County of Chautauqua Industrial Development Agency (CCIDA) approved a 15-year payment in lieu of taxes (PILOT) incentive for the new construction project, which will keep Stannard in Chautauqua County, retain 35 employees, and create 1 new job. The approval of funding for Stannard, who distributes foundry and turf consumable products, supported the building of a new warehouse and office facility in Mason Industrial Park.
ONE STEP CLOSER TO PETRI COOKIES
The community is one step closer to once again smelling Petri Baking Products (Petri) cookies baking in the heart of downtown Silver Creek.
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