Kristine Morabito
Business Development Manager
CCIDA
+1 716-661-8900
morabitk@co.chautauqua.ny.us

Within City Limits?:

Yes

Property Type:

Building

Property Description:

Tax Incentives:

Uniform Tax Exemption Policy (UTEP) • Abatements and exemptions from sales, use and mortgage recording taxes. The abatement applies to value added by construction or renovation for industrial, commercial and tourism related projects that have a significant impact to Chautauqua County. • Payment in Lieu of Tax (PILOT) Agreement. Real property tax abated for manufacturing, commercial, adaptive reuse and tourism projects.

Financial Incentives:

AL Tech Revolving Loan Fund • Below market, fixed interest rate – currently 4%, subordinated loans for fixed asset or working capital needs. Economic Development project financing for companies investing in Chautauqua County. Chautauqua Revolving Loan Fund (CRLF) • Below market, fixed interest rate – currently 4%, subordinated loans for private projects that create or retain jobs. The purpose of the CRLF is to foster and maintain economic growth in Chautauqua, Cattaraugus and Allegany Counties.