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Learn more about the St. Lawrence County IDA Local Development Corporation

Overview

The St. Lawrence County Industrial Development Agency Local Development Corporation was established in 1986 by the St. Lawrence County IDA to administer a revolving loan fund and to stimulate the growth of private sector employment in St. Lawrence County, New York.

The loan fund can assist businesses by making low-interest, subordinated loans for real estate acquisition, building construction and rehabilitation, or machinery and equipment acquisition and rehabilitation.

Mission

The mission of the St. Lawrence County IDA Local Development Corporation is to stimulate the growth of private sector employment in St. Lawrence County by providing financial assistance to new and expanding industries, and to certain retail/market-driven facilities.

The purpose of the Corporation shall be to relieve and reduce unemployment; promote and provide for additional and maximum employment; better and maintain job opportunities; instruct or train individuals to improve or develop their capabilities for jobs; carry on scientific research for the purpose of aiding the community of St. Lawrence County by attracting industry to the community and by encouraging the development of, or retention of, an industry in the community; lessen the burdens of government and act in the public interest.

Enabling Legislation:
Certificate of Incorporation

Committee Information

Meeting Information

The St. Lawrence County Industrial Development Agency Local Development Corporation is scheduled to meet on the third Friday of every month at the Ernest J. LaBaff Industrial Building, located at 19 Commerce Lane, Canton.

Please check the ANNOUNCEMENTS page for meeting information packets.

Click here for the 2021 Meeting Schedule

Board Members

Officers & Staff

Meetings, Bylaws, & Policies

2021
LDC-19-02-01 Authorizing a Loan of up to $100,000 to Parker Maple Farm, Inc. LDC-19-02-02 Amending a Loan of up to $400,000 to Potsdam Speciality Paper, Inc. LDC-19-02-03 Amending a Loan of up to 100,000 to LC Drives Corporation LDC-19-02-04 Amending a Loan of up to $200,000 to AmTech Yarns, Inc. LDC-19-02-05 Authorizing a Loan of up to $30,000 to Russell’s Groom and Board, LLC LDC-19-03-06 Annual Review: Compensation, Reimbursement and Attendance Policy LDC-19-03-07 Annual Review: Whistleblower Policy LDC-19-03-08 Annual Review: Defense and Indemnification Policy LDC-19-03-09 Annual Review: Code of Ethics LDC-19-03-10 Disposition of Real Property Policy and 2018 Report of Property LDC-19-03-11 Authorizing Modifications to FY2019 Budget LDC-19-03-12 Accepting FY2018 Audit LDC-19-05-13 Authorizing a Conversion of a Note of up to $150,000 to LC Drives LDC-19-05-14 Modifying a Loan of up to $30,000 to Russell’s Groom and Board, LLC LDC-19-05-15 Authorizing a Loan of up to $90,000 to ProSport Trailer Manufacturing, LLC LDC-19-06-16 Authorizing a Lease Agreement for ProSport Trailer Manufacturing, LLC LDC-19-06-17 Authorizing Funds through the RVRDA’s Community Development and Environmental Improvement Program LDC-19-06-18 Authorizing Funds through the RVRDA to Extend an Agreement with Massena Electric Department LDC-19-07-19: Authorizing a Loan of up to $100,000 to Johnson Newspaper Corporation LDC-19-09-20: Accepting FY2020 Tentative Budget LDC-19-09-21: Accepting Modifications to the Town of Brasher Microloan Fund LDC-19-10-22: Adopting FY2020 Final Budget LDC-19-10-23: Annual Review of Conflicts of Interest Policy LDC-19-10-24: Annual Review of Procurement Policy LDC-19-10-25: Annual Review of Sexual Harassment Policy LDC-19-10-26: Authorizing a Loan of up to $200,000 to Pepsi-Cola Ogdensburg Bottlers, Inc. LDC-19-12-27: Authorizing Modifications to the Investment Policy and Authorization of Depositories
LDC-18-03-01: Annual Review of Compensation, Reimbursement and Attendance Policy LDC-18-03-02: Annual Review of Whistleblower Policy and Procedures LDC-18-03-03: Annual Review of Defense and Indemnification Policy LDC-18-03-04: Annual Review of Code of Ethics LDC-18-03-05: 2018 Annual Review of Disposition of Real Property Guidelines and 2017 Report of Property LDC-18-03-06: Accepting FY2017 Audit LDC-18-03-07: Authorizing Modifications to the FY2017 Budget LDC-18-03-08: Authorizing Revisions to the Travel and Miscellaneous Expense Policy LDC-18-03-09: Authorizing a Loan of up to $55,000 to LKR Enterprises LDC-18-05-10: Authorizing a Bridge Loan of up to $100,000 to LC Drives LDC-18-05-11: Authorizing a Loan of up to $44,600 to Sandy Maine, LLC LDC-18-06-12: Authorizing Funds through the RVRDA Community Development & Environmental Improvement Program LDC-18-06-13: Authorizing a Loan of up to $30,000 to Bregg Winery LDC-18-06-14: Authorizing a Loan of up to $75,000 to Kingston Pharma LDC-18-07-16: Authorizing a Loan of up to $96,000 to Kingston Pharma LDC-18-07-17: Modifying a Loan of up to $97,000 to Thew Associations, PE-LS, PLLC LDC-18-08-18: Authorizing Loan Funding to Sharrow’s Home Repair LDC-18-08-19: Authorizing a Loan of up to $400,000 to North American Forest Group LDC-18-09-20: Authorizing a Lease Purchase with AmTech Yarns LDC-18-09-21: Accepting FY2019 Fiscal Budget LDC-18-10-22: Approving and Adopting FY2019 Budget and Authorizing the CEO to Make Line Item Changes LDC-18-10-23: Annual Review of Conflicts of Interest Policy LDC-18-10-24: Authorizing Amendments to the Procurement Policy LDC-18-10-25: Adopting Sexual Harassment Policy LDC-18-10-26: Adopting a Cellular Phone Usage Policy LDC-18-10-27: Agreeing to Provide Administrative Services to the Town of Brasher Microenterprise Loan Fund LDC-18-10-28: Authorizing a Loan of up to $100,000 to North American Forest Group LDC-18-12-29: Authorizing a Loan of up to $800,000 to North Country Dairy, LLC LDC-18-12-30: Authorizing a Loan of up to $200,000 to North Country Dairy, LLC LDC-18-12-31: Declaration of Uncollectible Debt LDC-18-12-32: Annual Review of Investment Policy

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