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APPLICANT

County of Otsego Industrial Development Agency

Total Qualifying Score: 8
County (ARC Region): Yes
State (ARC Region): Yes
Q3. IRS Status: Other – 0
Q4. Parent Entity: No – 1
Q5. 2 or More Full-Time Employees : Yes (as of 12/31/2019)
Q7. Budget Level: $250,001 to $1.5 million – 5 (Last Fiscal Year Actual Income)
Q8. Restricted Reserves: No – 1
Q9. CARES Act Funding: No – 1
Q13. Participation by Executive: Yes


CONTACT & LOCATION INFORMATION

County of Otsego Industrial Development Agency
Oneonta, Otsego County, New York 13820
607-267-4010
Email
www

County (ARC Region) Otsego
State (ARC Region) New York


ORGANIZATIONAL & FINANCIAL INFORMATION

Q1. Mission:

Assist in the enhancement and diversity of the economy of the County of Otsego (the “County”) by acting in support of projects in the County that create and/or retain jobs and/or promote private sector investment utilizing the statutory powers of the Agency as set forth under the provisions of the laws of the State of New York.

Q2. How organization aligns with ARC’s Plan & Goals:

Our Agency works with small business micro-enterprise businesses, entrepreneurial and medium sized businesses to expand and employ new workers.  In addition, we are currently extending water, sewer and natural gas to newly planned business parks.  We also work with the Small Business Development Center and the Center for Agriculture, Development and Entrepreneurism to provide training to small businesses.

Q3. IRS Filing Status: NYS Public Benefit Corporation   

Q4. Unit or Chapter of Larger Organization: No

Q5. Employees:

Full-Time/Part-Time Employees: 2/0 (as of 9/1/2020)

Full-Time/Part-Time Employees: 2/0 (as of 12/31/2019)

Current Year Income/Expenses: $261,958/$455,170

Q6. Fiscal Year: Calendar

Q7. Budget Level

Last Fiscal Year Income/Expenses (Actual): $358,257 / $513,809

Current Year Income/Expenses (Projected): $261,958 / $455,170

Balance Sheet

Q8. Restricted Reserves (Amount): No ($)

Q9. CARES Act Funding (Amount): No ($)
Received From:   Date Received:
For What Purpose(s):

Q10. Negative Impacts from COVID-19:

Some of our tenants for manufacturing facilities we own have closed their operations.  In addition, one of our  office tenants has moved out.  NYS funding (i.e. grants) have been put on hold.

Q11. Top Three Concerns:
Loss of operating revenue.
Loss of sale of property in our business parks.
Loss of NYS grant programs needed for development projects.

How Participation in Program Will Address Concerns:

Not sure it can help.


COHORT INSTRUCTION

Q12. Applying as a Proposed Cohort? No

Q13. Executive Director or CEO Will Participate in the Program? Yes

Q14. Top Two Choices for Cohort Instruction:

Course #1 Choice: 1-Long-term Financial Management

Course #2 Choice: 2-Fundraising

Q15. Desired Course Schedule for Cohort Instruction:

#1 Desired Course Schedule: 1-Fall 2020: 11-Week Course (Nov. 9, 2020 -Jan. 24, 2021)

#2 Desired Course Schedule: 2-Fall 2020: 6-Week Course (Nov. 9, 2020 – Dec. 18, 2020)


APPLICATION SUBMITED BY:

Name: Jody Zakrevsky, CEO

Application Approved by Organization Director or CEO? Yes, Approved by Executive Director/CEO

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