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CORTLAND COUNTY BUSINESS DEVELOPMENT CORP

CORTLAND, NY · EIN 161461027 · Form 990 · FY2024 · Small ($100K-$1M) · cortlandbusiness.com
revenue
$646K
expenses
$511K
net assets
$1.3M
employees
4
volunteers
13
mission · from form 990

TO IMPROVE THE QUALITY OF LIFE IN CORTLAND COUNTY BY RETAINING AND EXPANDING EXISTING JOB OPPORTUNITIES, ATTRACTING NEW JOBS, AND STIMULATING THE INVESTMENT OF CAPITAL IN THE COUNTY.

profile · synthesized from sources

Cortland County Business Development Corp (BDC) is an economic development organization focused on improving quality of life in Cortland County, NY by supporting job retention and creation, attracting new businesses, and stimulating capital investment. It collaborates with the Cortland County Industrial Development Agency (IDA) to administer grants, tax incentives, and technical assistance for business growth and community development projects.

named programs · 4 · from sources

What they call their work

Brownfield Assessment & Redevelopment
Manages EPA-funded assessment of contaminated sites to facilitate cleanup and redevelopment for new economic use
Business Assistance Grants
Administers grants to local businesses for equipment upgrades, signage, and facility improvements, such as support for Little Treat Shoppe and Cincinnatus Golf Course
Downtown Revitalization Initiative (DRI)
Implements state-funded projects to revitalize downtown areas, beginning with Homer
Revitalization & Expansion Program
Provides financial and technical assistance to businesses expanding or relocating to Cortland County, including support for projects like iSpice’s move into the former Voyant facility
activities · 5 groups

What they do

  • Regional Economic Development Initiatives 3 activities
    • Lead economic development agency for Cortland County
      Acts as the primary economic development entity for Cortland County, working to retain and expand existing jobs, attract new employment opportunities, and stimulate capital investment through coordinated programs and initiatives.
    • Promote Cortland County for business investment and expansion
      Markets Cortland County as an attractive location for business investment by highlighting advantages such as proximity to research universities, transportation infrastructure, affordable labor, low crime rates, and a growing workforce.
    • Provide business assistance programs
      Offers access to business support services and resources for companies operating in Cortland County to promote growth, sustainability, and competitiveness.
  • Municipal and Community General Support 1 activity
    • Administer economic development grants and funding programs
      Manages and awards grant funding for local economic development projects, including administering the Homer Small Project Fund and distributing county relief funds for business improvements.
  • Advanced Manufacturing Workforce Training 1 activity
    • Build local economic capacity through workforce and sector development
      Supports the local manufacturing sector and promotes university-industry collaboration by highlighting workforce strengths and proximity to Centers for Advanced Technologies that enable technology transfer and research partnerships.
  • Small Business Technical Assistance 1 activity
    • Host training and informational workshops for grant applicants
      Organized and delivered an informational workshop in June 2023 to assist applicants in navigating the state’s annual economic development grant program.
  • Uncategorized 1 activity
    • Assess and clean up contaminated properties through Brownfields program
      Awarded a $500,000 EPA Brownfields Assessment Grant to identify, evaluate, and remediate contaminated sites in Cortland County to support redevelopment and economic revitalization.
financials · form 990 · fy2024
revenue
Total revenue$646K
Contributions & grants$00%
Program service revenue$589K91%
Investment income$30K5%
Other revenue$27K
expenses
Total expenses$511K
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$355K
Grants paid out$18K
Largest expense lineCompensation
balance sheet
Total assets$1.34M
Cash$1.30M
Investments$0
Liabilities$7K
Net assets$1.34M
Liquid reserves30.4 mo
5 years on record · 2020–2024 · YoY revenue -16.9%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
BRENDAN O'BRYAN EXECUTIVE DIRECTOR 40 $161K
board members · 13
  • AMY KREMENEK — DIRECTOR
  • CLINT BROOKS — SECRETARY
  • DEBORAH HAYDEN — TREASURER
  • DON RICHARDS — DIRECTOR
  • GERALD CONTENTO JR — DIRECTOR
  • JASON HAGE — DIRECTOR
  • JOHANNA AMES — DIRECTOR
  • KATHLEEN BURKE — DIRECTOR
  • MICHAEL MCMAHON — CHAIRMAN
  • PAUL DRIES — DIRECTOR
  • RENEE NEIDERMAN — DIRECTOR
  • ROBERT EDWARDS — DIRECTOR
  • STEPHEN COMPAGNI — VICE CHAIRMAN
relationships · 10

Who they work with

  • Cornell University Partner — Proximity to and collaboration opportunities with Cornell University's Center for Advanced Technology.
  • Cortland County Convention & Visitor’s Bureau Partner — Collaborates with the Cortland County Convention & Visitor’s Bureau, where the Economic Development Specialist serves as President of the Board of Directors.
  • Cortland County Industrial Development Agency Partner — Collaborates with the Cortland County Business Development Corporation on economic development initiatives.
  • Cortland County Industrial Development Agency Partner — Jointly awarded a $500,000 EPA Brownfields Assessment Grant and collaborates on economic development initiatives.
  • McNeil & Co. Partner — Hosted a CORTLAND COUNTY BUSINESS DEVELOPMENT CORP board meeting at its Conference Center on June 10, 2024.
  • New York State Empire State Development Corporation Partner — Collaborates with state-level economic development partners to support business growth.
  • Small Business Administration Partner — Partners with federal agencies to provide small business resources and support.
  • Syracuse University Partner — Proximity to and collaboration opportunities with Syracuse University's Center for Advanced Technology.
  • Tompkins Cortland Community College Partner — Hosted a workshop for state economic development grant applicants in collaboration with the BDC.
  • Village of Homer Partner — Collaborates on the Homer Small Project Fund, with joint outreach and shared administrative coordination.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Business Attraction via Strategic Asset Promotion
    methodology: business_attraction_through_asset_promotion
    By promoting Cortland County’s strategic geographic location, affordable utilities, non-union labor advantage, and proximity to research institutions, the organization attracts and retains businesses because these assets position the region as a cost-effective and innovation-ready hub for manufacturing and distribution.
  • Economic Development through Public-Private Partnership and Resource Coordination
    methodology: public-private-partnership
    By serving as the lead economic development agency and coordinating access to local, state, and federal resources, the organization stimulates capital investment and job growth because integrated public-private collaboration lowers barriers to business expansion and investment.