Cortland County I-D-A Awarded 4 Year Contract With Slight Funding Increase
The Cortland County Industrial Development Agency has been awarded a 4 year $1.3 million dollar contract to continue efforts to provide economic development services and job retention efforts. The agreement includes modest funding increases after two years of flat funding for the agency.
County Lawmakers voted unanimously to approve the four year agreement with the I-D-A which also includes the County Business Development Corporation and a handful of limited liability corporations that have been established for specific projects.
The I-D-A has it's own board of directors appointed by the Legislature, but it is an outside agency that contracts for service with the county.
In the past the I-D-A has only been awarded two year contracts, County I-D-A Director Gary VanGorder says a four year agreement allows the agency to focus on its mission of bringing new business to the county and maintaining existing companies. It also offerers prospective companies a level of comfort when working with the I-D-A.
VanGorder says the 1.5% annual increases in contract will allow the agency to maintain current staffing levels to meet the demands of the ever changing business climate. VanGorder says his office is very lean when compared to business development organizations in other communities.