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Hoosier Magnetics, Inc.

At a Glance




St. Lawrence County IDA

Hoosier Magnetics, Inc. is a family-owned and operated business that produces ferrite powder, the major raw material for permanent magnets. The Company is seeking funding to upgrade its pollution control equipment, which no longer meets DEC emission requirements.

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Newton Falls Rail Line

The 46.25 mile Newton Falls Rail Line is currently owned by respective Industrial Development Agencies in Jefferson, Lewis and St. Lawrence Counties.

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Canton-Potsdam Hospital Foundation

Canton-Potsdam Hospital Foundation (the "Foundation") has requested that the Issuer consider issuing its Civic Development Corporation Revenue Bonds (Canton-Potsdam Hospital Project) in the aggregate principal amount not to exceed $4,000,000 (the "Bonds") to finance a project (the "Project") for the benefit of the Foundation consisting of:

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