Local Development Corporation - St. Lawrence County IDA Skip to main content

American Rescue Plan Act Fund Information HERE

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

The Audit/Finance Committee will meet on Tuesday, March 29, 2022 at 8:30 AM at the IDA offices, 19 Commerce Lane, Canton.  Click Here for meeting agenda.

The Governance Committee will meet on Tuesday, March 22, 2022 at 12:00 P.M. at the IDA offices, 19 Commerce Lane, Canton.  Click Here for meeting agenda.

Committee Assignments (effective January 25, 2018) for St. Lawrence County IDA Local Development Corporation:
Governance: Blevins, LaBaff, Hall
Audit/Finance: Hall, McMahon, Staples

Meetings

2022-0329 Audit and Finance Committee
2022-0322 Governance Committee
2022-0222 Audit and Finance Committee
2021-1210 Governance Committee
2021-0326 Audit and Finance Committee
2021-0316 Governance Committee
2021-0128  Audit and Finance Committee
2020-1106  Governance Committee
2020-0625 Governance Committee
2020-0218 Audit and Finance Committee

Audit-Finance Charter
Governance Charter

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 2022 Meeting Schedule

Board Members

Meetings, Bylaws, & Policies

2022
LDC-21-01-01: Authorizing and Allocation of RVRDA CDEIP Funds of up to $31,000 LDC-21-03-02: Annual Review of Code of Ethics LDC-21-03-03: Annual Review of Compensation, Reimbursement and Attendance Policy LDC-21-03-04: Annual Review of Whistleblower Policy LDC-21-03-05: Annual Review of Defense and Indemnification Policy LDC-21-03-06: 2021 Review of Disposition Policy and 2020 Review of Property LDC-21-03-07: Authorizing an Equipment Loan of up to $344,500 to Atlantic Testing Laboratories LDC-21-03-08: Authorizing Application for Grant Funds Through Northern Border Regional Commission LDC-21-03-09: Accepting FY2020 SLCIDA-LDC Audit LDC-21-03-10: Authorizing Curran Renewable Energy, LLC to Draw Up to $350,000 From Existing Line of Credit LDC-21-06-11: Authorizing Funds through the Community Development and Environmental Improvement Program LDC-21-06-12: Authorizing a Subordination for M&T Bank Associated with Potsdam Specialty Paper, Inc. Loan LDC-21-06-13: Authorizing Release of Corporate Guarantee of ATL Engineering, PC LDC-21-06-14: Authorizing Modifications to Grant Funds Previously Awarded Through The St. Lawrence River Valley Redevelopment Agency’s CDEIP LDC-21-10-15: Accepting FY2022 Tentative Budget LDC-21-10-16: Accepting FY2022 Final Budget LDC-21-10-17: Authorizing a Loan of up to $25,000 to Matthew A. Martin/DBA M&M Eggs LDC-21-12-18: Annual Review of the Conflicts of Interest Policy LDC-21-12-19: Annual Review of the Procurement Policy LDC-21-12-20: Annual Review of the Investment Policy LDC-21-12-21: Annual Review of the Sexual Harassment Policy LDC-21-12-22: Declaration of Uncollectible Debt
2022

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