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.
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.”
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