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.
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.