& Industrial Development Agency
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CORTLAND COUNTY
BDC/IDA
is pleased to announce that Cortland has been named
one of the
TOP 50 U.S. SMALL TOWNS for CORPORATE FACILITIES
Cortland was hailed as one of the top 50 small towns in the United States for corporate facilities in the March 2003 issue of Site Selection Magazine, the leading international publication for economic development and corporate real estate.This honor confirms we've done a good job getting the word out through our marketing campaign, "Small Town America in a Very Big Way" which has now gained us national and international attention as a great place to live, work and invest.
The BDC started in 1982 as the Economic Development Committee of the Cortland County Chamber of Commerce. However, since 1994 the BDC has operated as a separate organization providing a full range of economic development services. Today the BDC has a comprehensive program designed to:
- Retain business and industry in Cortland County
- Assemble resources to assist business and industry to expand in Cortland County
- Aggressively market programs to attract new business and industry to Cortland County
The BDC has played an important role in a number of significant projects over the past few years resulting in retained or new job opportunities for Cortland County residents.
The BDC/IDA operates a $500,000 revolving loan fund to service businesses and industries in Cortland County.
In addition, the BDC performs all necessary administrative services for the Cortland County Industrial Development Agency, which is a public benefit corporation that offers low cost financing for real estate and equipment through industrial revenue bonds. The agency can also negotiate with businesses for special payments in lieu of taxes, provide sales tax relief and offer exemptions from various New York State taxes and fees.
Cortland County is at the heart of a great region: Upstate New York
Cortland is the eastern gateway to the Finger Lakes, one of the most scenic areas in the northeast with rolling hills, glacial lakes and stunning vistas dotted with wineries, farmsteads and charming historic villages. At the same time, Cortland's direct access to Interstate 81 and quick connections to I-90,I-88 and the future I-86 also make it a gateway to the most affluent market in the Western Hemisphere with access to half the income, half the business sales and half the population of the United States and Canada.
It's clear that Cortland's competitive asset is regional brainpower. We have a world class R&D infrastructure here, located within 30 minutes of three New York State Centers for Advanced Technology at Cornell University, Syracuse University and SUNY Binghamton that are producing leading edge breakthroughs in biotechnology and life sciences, software engineering and integrated electronics. Just next door is SUNY Upstate Medical University. There are not many places that can boast such convenient access to world class research universities and a medical university center. Cortland also has tremendous educational assets right here in our own community, with SUNY Cortland, and a first class community college, TC3. There are few regions anywhere with such a concentration of technical expertise and research capacity. And this concentration of colleges and universities makes for great education-industry partnerships, as well as a vibrant cultural life.