4/25/22 IDA Board Meeting

The Ontario County Industrial Development Agency (IDA) Board held a meeting on April 25, 2022, focusing primarily on economic development projects and related tax incentives. The board approved a $7.7 million warehouse and office building project by Country Mix in Farmington, which is expected to retain 27 jobs and create 15 new jobs. The project includes a tax exemption package valued at approximately $1.4 million, with a benefits-to-cost ratio of 18 to 1. Additionally, the board discussed a request from High Point for a 12-month extension of state and local sales and use tax exemptions to support tenant buildouts in a Class A office building, with an additional $450,000 in tax exemptions anticipated. The board approved holding a public hearing on this extension. Routine business included approval of minutes, payment of invoices related to airport operations and workforce advertising, and updates on hybrid meeting procedures and economic developer recruitment. No new contracts or procurement awards beyond these projects were reported.