Development Corporation
The Cortland County Business Development Corporation is Cortland County’s lead economic development agency working closely with its many local and state economic development partners to retain, create and attract jobs to the community.
The BDC is a private, publicly funded nonprofit local development corporation conducting a wide range fo programs and projects, from a $500,000 revolving loan fund to small business counseling, entrepreneurial consulting and community marketing. It is the mission of the BDC to promote Cortland County’s assets and to stimulate new capital investment and job growth. The BDC has been and remains Cortland County’s single most important resource for economic development.
Authority Mission Statement and Performance Measures
Date Adopted: February 2011
Name of Public Authority
Cortland County Business Development Corporation
Public Authority’s Mission Statement
The Cortland County Business Development Corporation seeks to improve the quality of life in Cortland County by retaining and expanding existing job opportunities, attracting new jobs, and stimulating the investment of capital in the county.
List of Performance Goals
Working with the Cortland County Industrial Development Agency the Business Development Corporation will:
- Act as the county’s lead economic development agency;
- Actively support and further the interests of county-based businesses;
- Will meet regularly with county businesses to identify and mitigate obstacles for growth and to exploit opportunities for growth;
- Will plan and implement programs to increase awareness of federal, state, and local business assistance programs;
- Will plan and implement marketing efforts both inside and outside of Cortland County that target the expansion of existing businesses, the establishment of new business, and the attraction of new companies, people, and investment to the county;
- Will assist in the planning, funding, and development of sites, buildings, infrastructure, and other programs and activities to facilitate business development and expansion;
- Will represent the interests of local governments with our federal and state elected officials with respect to economic development; and
- Will maintain relationships with federal, state, and regional elected officials and economic development allies to further Cortland County’s economic development program objectives
Additional Questions:
- Have the board members acknowledged that they have read and understood the mission of the public authority?
Yes
- Who has the power to appoint the management of the public authority?
The Cortland County Business Development Corporation Board of Directors, which also comprises IDA board members, appoints the executive director of the Business Development Corporation and the IDA.
- If the board appoints management, do you have a policy you follow when appointing the management of the public authority?
Yes
- Briefly describe the role of the board and the role of management in the implementation of the mission
In providing oversight to management the role of the board is to establish priorities and guidelines as management works to fulfill the mission
- Has the board acknowledged that they have read and understood the responses to each of these questions?
Yes
Internal Control Certification
This statement certifies that management has documented and assessed the internal control structure and procedures of the Cortland County Business Development Corporation for the year ending December 31, 2010. This assessment has found the authority's internal controls to be adequate, and to the extent that the deficiencies were identified, the authority has developed corrective action plans to reduce any corresponding risk.
BDC BYLAWS
Download PDF of Code of Ethics
POLICIES
Download PDF of Acquisition of Real Property Policy
Download PDF of Disposition of Real Property Policy
Download PDF of Investment Policy
Download PDF of Procurement Policy