The Industrial Development Agency and Capital Resource Corporation of Clinton County offer important tools to help companies and certain organizations leverage economic development potential in host communities by acquiring, constructing, improving, maintaining or equipping eligible projects. Any project undertaken by either organization must improve and progress investment and job prospects, benefit the overall community, enhance and strengthen the economic basis for the residents of Clinton County. To assist in the development of eligible projects, the Clinton County Industrial Development Agency and Capital Resource Corporation provide specific financial benefits that serve to lower the costs of developing and financing projects. To obtain assistance, applicants must satisfy eligibility requirements and demonstrate a need for assistance.
While the Industrial Development Agency and Capital Resource Corporation serve a similar general purpose, each is governed by different State legislation and organizational by-laws. The Industrial Development Agency is a public benefit corporation established by a special act of the New York State Legislature at the request of Clinton County. The Capital Resource Corporation is a not-for-profit local development corporation formed under the Not-For-Profit Corporation Law of New York State. Both organizations are governed by a seven-member Board of Directors, are appointed by the Clinton County Legislature, are residents of the County and were selected by their professional and business experience and their dedication to the growth and development of the communities that make up Clinton County.