The Agency is the lead economic development organization for Broome County. We govern the Broome County Industrial Development Agency (IDA) and the Broome County Local Development Corporation (LDC).
We provide economic development assistance through property tax abatement programs for expansions or significant renovation projects, revolving loan programs, bond issuance for large-scale manufacturing and non-profit projects, and information on federal and state financing resources, and other technical assistance.
Our vision is to be the dynamic, approachable driver of economic development in Broome County.
The Agency is the lead economic development organization for Broome County. We govern the Broome County Industrial Development Agency (IDA) and the Broome County Local Development Corporation (LDC).
We provide economic development assistance through property tax abatement programs for expansions or significant renovation projects, revolving loan programs, bond issuance for large-scale manufacturing and non-profit projects, and information on federal and state financing resources, and other technical assistance.
The Broome County Local Development Corporation was formed in 2010 by the Broome County Legislature and authorized under the Not-for-Profit Corporation Law of the State of New York. The purpose of the LDC is to promote and conduct economic development activities for the County.
In April 2013, the LDC approved $22 million in revenue bonds to finance construction of a student village on the campus of SUNY Broome Community College. The new housing facility opened in the fall of 2014.
The Agency is governed by a nine-member Board of Directors Directors that is appointed by the Chairman of the Broome County Legislature. The Board governs the activities of both the IDA and the LDC.
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