& Industrial Development Agency
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.
Assistance
The Cortland County Business Development Corporation offers help in the form of State and Local as well as other assistance. The following is a very general overview of the various types of assistance that may be available, based on further conversation about project specifics. For more information please click any of the following: