County of Chenango IDA Board Meeting – June 17, 2026

The Chenango Industrial Development Agency (IDA) Board convened on June 17, 2026, primarily to discuss ongoing economic development projects and related financial matters. Key procurement-related discussions included the approval of budget allocations and expenditures for the 23 Main project, with detailed review of deposits, expenses, and contractor payments. The board also reviewed an estimated 20-year PILOT (Payment In Lieu of Taxes) agreement for a new development project, though no action was taken pending a firm financial commitment from the developer. A significant portion of the meeting focused on approving a $100,000 feasibility study proposal from Labella Engineering to explore the creation of a water district to support economic development in the Norwich area. The study is partially grant-funded with a 50% state match, requiring the IDA to commit $50,000 from its funds. The board discussed the strategic importance of this study for enabling infrastructure improvements and future development, ultimately voting to accept the agreement and commit the matching funds. The meeting also touched on challenges related to inter-municipal cooperation and the need for the IDA to act as a catalyst for regional development projects.