July 7, 2010: County of Oswego
IDA Awarded Funding for Intermediary Relending Program
At Operation Oswego County’s
(OOC) annual meeting last month, U.S. Department of Agriculture
(USDA) New York State Director Jill Harvey announced that
the County of Oswego Industrial Development Agency (IDA) was
awarded $750,000 in funding through USDA Rural Development's
Intermediary Relending Program (IRP).
The IRP provides funds to organizations
such as the County of Oswego IDA to establish a revolving
loan fund used to finance business and economic development
activity to create or retain jobs in rural communities. The
revolving loan fund will be targeted to working capital, start-up
costs, soft costs and equipment.
“Working capital has been identified
as a need within the business community, and this fund will
be set up to meet that need as 50 percent of the fund will
be targeted to working capital loans,” said L. Michael
Treadwell, CEcD, OOC executive director and CEO of the IDA.
June 29, 2010: Operation Oswego
County Recognized for Achievements in Marketing
Operation Oswego County (OOC), Oswego
County’s designated economic development agency, was
recently recognized for its 2008 Annual Report by the New
York State Economic Development Council’s (NYSEDC) 2010
marketing and promotional materials award competition.
For its 2008 Annual Report, OOC received
the rank of “excellent.” The report profiles development
projects and summarizes capital investment and job creation
facilitated by OOC in 2008.
The recognitions are awarded
each year to NYSEDC member organizations throughout New York
State who produce printed materials and Internet media to
promote economic development in their areas. OOC has won several
awards in past years for the effectiveness and quality of
its advertising and promotional materials from NYSEDC and
other regional and national professional development organizations.
