The County of Chautauqua Industrial Development Agency (CCIDA) Board of Directors voted unanimously in favor of providing tax incentives for Love’s Travel Stop and Country Stores, Inc. The project involves construction of a state-of-the art, 22,000 square foot travel center on a 16-acre parcel located at 6201 and 6151 Shortman Road in the Town of Ripley.
CCIDA AWARDS $2.6 MILLION IN FEDERAL EDA FUNDING IN SECOND ROUND OF PROGRAM
The U.S. Economic Development Administration (EDA) officially announced on September 9, 2020, that the County of Chautauqua Industrial Development Agency (CCIDA) had been selected as the recipient of a $10.5 million grant through the CARES Act, which enabled the agency to establish a new Revolving Loan Fund (RLF). The intent of the RLF is to 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.
SBA and Treasury Announce PPP Re-Opening; Issue New Guidance
The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers.
EMPIRE STATE DEVELOPMENT ANNOUNCES “RAISING THE BAR” RESTAURANT RECOVERY FUND
More Than $3 Million in Grant Funding Available through Financial Support Led by Diageo North America and Supported by Coastal Pacific Wine & Spirits, and implemented by the National Development CouncilEligible Restaurants Can Receive up to $5,000 to Assist with COVID-19 Safety Measures
COVID-19 Update: New Federal Pandemic Relief Package Signed
President Trump has now signed the COVID-19 relief package that was approved by Congress last week. An overview of important points for the local business community is provided.
PREMIER PRECISION MACHINING, LLC (RAND MACHINE PRODUCTS, INC.)
At their December 15, 2020 Board Meeting, the CCIDA approved a $382,000 AL Tech Loan to assist Premier Precision Machining, LLC (aka KGPHJ, LLC) in a $953,837 project to expand their footprint and operations.
Virtual B2B Networking Event (Replay)
On December 3, 2020, business professionals from across Chautauqua County, New York, met to discuss talent-attraction marketing and company culture. The event started with opening comments made by County Executive PJ Wendel and Deputy County Executive for Economic Development and Chief Executive Officer of the County of Chautauqua Industrial Development Agency (CCIDA) Mark Geise. This replay […]
Hanover PV, LLC PILOT Approved by CCIDA
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.
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