{"id":45180,"date":"2022-06-21T07:03:33","date_gmt":"2022-06-21T11:03:33","guid":{"rendered":"https:\/\/www.wrfalp.com\/?p=45180"},"modified":"2022-06-21T07:03:33","modified_gmt":"2022-06-21T11:03:33","slug":"ccida-third-in-nys-for-total-revenues-in-2020","status":"publish","type":"post","link":"https:\/\/www.wrfalp.com\/ccida-third-in-nys-for-total-revenues-in-2020\/","title":{"rendered":"CCIDA Third in NYS for Total Revenues in 2020"},"content":{"rendered":"

\"\"<\/a>The Chautauqua County Industrial Development Agency<\/strong> came in third in New York State for total revenues in 2020.<\/p>\n

The State Comptroller’s Office<\/strong> released its annual IDA report, stating that the CCIDA had over $1,069,000,000 between 46 projects in 2020. Of those 46 projects, there was a total of $31.8 million dollars in tax exemptions were offered along with $1.8 million in Payment In Lieu of Taxes (PILOT) for a total tax exemptions net of $30.8 million dollars.<\/p>\n

The projects created 581 jobs and retained 2,080 jobs.<\/p>\n

CCIDA CEO and Deputy County Executive for Economic Development Mark Geise<\/strong> said the county’s IDA is one of the highest performing ones in the state, “We’ve got a lot of active projects that are fairly large. Some of them are like the wind farms and Athenix, which is now ImmunityBio, and Americold and the list goes on and on. It also reflects that we have some of the highest expenses of any IDA, in the top ten of IDAs in the state<\/p>\n

In 2020, IDAs had total revenues of $72 million, consisting largely of project fees, a decline of $3.6 million from 2019. New York City IDA had the highest total revenues at $6.7 million, followed by Genesee County IDA with $5.7 million, and Chautauqua County IDA with $4.8 million.<\/p>\n

Geise said the CCIDA also runs two large loan portfolios with the Al-Tech Revolving Loan Fund<\/strong> and the CARES Act Loan Fund<\/strong>, “Their value is over $20 million, so we have all of that money out there working and committed to businesses right now. And I guess what’s a little misleading, if you will, is that while our expenses are high it doesn’t count the jobs that are created through the loan funds, only through the IDA incentives, direct incentives, the tax breaks, if you will.”<\/p>\n

Geise said with other IDAs in the state having loan fund programs now, he hopes that the reporting will change so that job figures from that can be included in future state reports.<\/p>\n

The Comptroller’s report said, statewide, there were 4,262 active projects with a total value of $114 billion in 2020, an increase of $5.3 billion from the prior year. It is estimated that a total of 225,227 jobs would be created during the life of the projects.<\/p>\n

NYS Comptroller 2022 IDA Report: https:\/\/www.osc.state.ny.us\/files\/local-government\/publications\/pdf\/performance-of-idas-in-nys-2022-annual-report.pdf\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Chautauqua County Industrial Development Agency came in third in New York State for total revenues in 2020. The State Comptroller’s Office released its annual IDA report, stating that the CCIDA had over $1,069,000,000 between 46 projects in 2020. Of those 46 projects, there was a total of $31.8 million dollars in tax exemptions were […]<\/p>\n","protected":false},"author":22,"featured_media":45182,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[4],"tags":[11663,11664,426,1504,4221],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/06\/DiNapoli-IDA-Report-2022-feat.png?fit=1158%2C792&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3YlJ4-bKI","jetpack-related-posts":[{"id":52874,"url":"https:\/\/www.wrfalp.com\/ccida-provides-10-times-as-much-in-tax-breaks-for-net-jobs-created-in-2021\/","url_meta":{"origin":45180,"position":0},"title":"CCIDA Provides 10 Times as Much In Tax Breaks For Net Jobs Created in 2021","author":"WRFA Radio","date":"July 5, 2023","format":false,"excerpt":"The Chautauqua County Industrial Development Agency provided ten times as much in tax breaks for each net job created in 2021, compared to the state average. That's according to data provided by State Comptroller Tom DiNapoli in his annual IDA report released in April. The report focused on the 109\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/10\/ccida.jpg?fit=399%2C262&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":35398,"url":"https:\/\/www.wrfalp.com\/chautauqua-county-ida-had-poor-rate-of-return-on-net-jobs-gained-in-2018\/","url_meta":{"origin":45180,"position":1},"title":"Chautauqua County IDA Had Poor Rate of Return on Net Jobs Gained in 2018","author":"WRFA Radio","date":"August 19, 2020","format":false,"excerpt":"ALBANY - A recent report by the New York State Comptrollers Office shows the Chautauqua County Industrial Development Agency (CCIDA) ranked among the top counties in the state in 2018 when it came to operating expenses, as well as net tax exemptions given to projects. But despite the high rankings\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2020\/08\/IDA-2018-Header.jpg?fit=902%2C552&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2020\/08\/IDA-2018-Header.jpg?fit=902%2C552&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2020\/08\/IDA-2018-Header.jpg?fit=902%2C552&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2020\/08\/IDA-2018-Header.jpg?fit=902%2C552&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":40717,"url":"https:\/\/www.wrfalp.com\/comptrollers-annual-report-sheds-light-on-performance-of-chautauqua-county-ida\/","url_meta":{"origin":45180,"position":2},"title":"Comptroller’s Annual Report Sheds Light on Performance of Chautauqua County IDA","author":"WRFA Radio","date":"October 19, 2021","format":false,"excerpt":"ALBANY \u2013 A recent report by the New York State Comptrollers Office is providing some details into how the Chautauqua County Industrial Development Agency (CCIDA) performed when compared to other county IDAs from around the state. In June, State Comptroller Tom DiNapoli released his annual IDA report, which focuses on\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/10\/IDA-2021-comptroller-report.jpg?fit=566%2C322&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/10\/IDA-2021-comptroller-report.jpg?fit=566%2C322&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/10\/IDA-2021-comptroller-report.jpg?fit=566%2C322&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":42300,"url":"https:\/\/www.wrfalp.com\/ccida-assisted-in-164-million-in-new-investment-314-new-jobs-in-2021\/","url_meta":{"origin":45180,"position":3},"title":"CCIDA Assisted in $164 Million in New Investment, 314 New Jobs in 2021","author":"WRFA Radio","date":"January 27, 2022","format":false,"excerpt":"Chautauqua County had $164 million in new investment, 314 new jobs, and 1,752 retained jobs in 2021 due to assistance from the Chautauqua County Industrial Development Agency. Those were highlights presented in the 2021 annual report for the IDA by IDA CEO and Deputy County Executive for Economic Development Mark\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/01\/272751454_301439422027146_6109290810382046891_n.jpg?fit=940%2C788&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/01\/272751454_301439422027146_6109290810382046891_n.jpg?fit=940%2C788&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/01\/272751454_301439422027146_6109290810382046891_n.jpg?fit=940%2C788&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/01\/272751454_301439422027146_6109290810382046891_n.jpg?fit=940%2C788&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":39305,"url":"https:\/\/www.wrfalp.com\/1-4-million-in-tax-incentives-approved-by-ccida-for-hideaway-bay-resort\/","url_meta":{"origin":45180,"position":4},"title":"$1.4 Million in Tax Incentives Approved by CCIDA for Hideaway Bay Resort","author":"WRFA Radio","date":"July 29, 2021","format":false,"excerpt":"The Chautauqua County Industrial Development Agency has approved $1.4 million dollars in incentives to bring the new Hideaway Bay Resort closer to development. The new resort will be situated on the 3.6-acre former Hideaway Bay Restaurant site on Lake Erie and Walnut Creek in the Village of Silver Creek. The\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/07\/Hideaway-CCIDA.png?fit=873%2C517&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/07\/Hideaway-CCIDA.png?fit=873%2C517&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/07\/Hideaway-CCIDA.png?fit=873%2C517&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/07\/Hideaway-CCIDA.png?fit=873%2C517&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":52757,"url":"https:\/\/www.wrfalp.com\/ccida-approves-over-3-million-in-incentives-for-electrovaya\/","url_meta":{"origin":45180,"position":5},"title":"CCIDA Approves Over $3 Million In Incentives for Electrovaya","author":"WRFA Radio","date":"June 28, 2023","format":false,"excerpt":"The Chautauqua County Industrial Development Agency Board has approved over $3.5 million in economic development incentives for Electrovaya. Electrovaya Chief Financial Officer John Gibson said the company is going to retrofit the former Heidenhain facility in the Mason Industrial Park to be a gigawatt factory, \"That will produce lithium batteries\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2023\/06\/CCIDA-6-27-23.jpg?fit=893%2C694&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2023\/06\/CCIDA-6-27-23.jpg?fit=893%2C694&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2023\/06\/CCIDA-6-27-23.jpg?fit=893%2C694&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2023\/06\/CCIDA-6-27-23.jpg?fit=893%2C694&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts\/45180"}],"collection":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/comments?post=45180"}],"version-history":[{"count":1,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts\/45180\/revisions"}],"predecessor-version":[{"id":45183,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts\/45180\/revisions\/45183"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/media\/45182"}],"wp:attachment":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/media?parent=45180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/categories?post=45180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/tags?post=45180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}