County of Oswego IDA Presents Annual Report

COIDA supported 23 projects that have or will be investing more than $111 million in Oswego County. L. Michael Treadwell ooc@oswegocounty.org Agency’s programs supported creation of 238 new jobs, retention of 1,068 existing positions The 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 supported 23 projects that have or will be investing more than $111 million in Oswego County. Furthermore, these projects are expected to create 238 new jobs and retain 1,068 existing positions in Oswego County over the next three to five years. During the 2019-2020 fiscal year, COIDA provided or approved assistance through five of its nine financial assistance programs. The two programs which supported the greatest number of projects were the Straight Lease Transaction and the USDA Intermediary Relending Program Economic Development Fund, representing 78% and 9% of the projects respectively. The Straight Lease Transaction provides financial assistance to companies via real property tax, sales and use tax and mortgage recording

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