IDA Report Shows ‘Productive Period’

New report shows creation of 344 new jobs, retention of 193 existing positions in Oswego County L. Michael Treadwell ‘COIDA’s programs have helped a wide variety of industries, including manufacturing, services, housing, tourism/recreation, warehousing, agribusiness, mining, healthcare, energy and mixed-use.’ The County of Oswego Industrial Development Agency (COIDA) on Dec. 3 presented 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 2018-2019 fiscal year, which ran from Aug. 1, 2018, to July 31, 2019. During this productive period, COIDA supported 29 projects that have or will be investing more than $116 million in Oswego County. These projects are projected to create 344 new jobs and retain 193 existing positions in Oswego County over the next three to five years. During the 2018-2019 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 “Micro Enterprise Program Economic Development Fund,” representing 59% and 21% of the projects respectively. The Straight Lease Transaction provides financial assistance to companies via real property tax, sales and

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