Feb. 18, 2005: “Spotlight on Our Economy” Monthly Column for The Palladium-Times
By L. Michael Treadwell, CEcD, Executive Director of Operation Oswego County

Local Businesses Partner with OOC to Promote County’s Economic Assets

Operation Oswego County’s economic development successes over the last five years alone have resulted in over 250 businesses assisted or financed in Oswego County, a capital investment of over $270 million, and 2,550 new/retained jobs. This success would not have been possible without the partnership of the business sector through our annual fund drive campaign.

Each year, OOC asks local business to invest in the future of Oswego County and help us continue to provide critical economic development services to our community by contributing to the fund drive. The annual appeal to business and industry supporters and others throughout the county for financial support has provided OOC with supplemental promotional funding in recent years.

I applaud the efforts of OOC’s Marketing and Development Committee members who plan and implement the fund drive each year. Those members include Chairman Michael Pollock, Fulton Savings Bank; Vice Chairman Dee Heckethorn; Bonnie Bostian, Entergy Nuclear Northeast; Ron Darrow; Joseph Russo, Niagara Mohawk; Eugene Saloga; Corte Spencer, Oswego Health; Steven Thomas, Peppercorns Inc.; Gary Toth, Carpenter's Local 747; and David Turner, City of Oswego Community Development Office.

I would like to sincerely thank the following businesses and individuals, as their contributions to the 2004 fund drive will directly impact economic growth in Oswego County this year:

Alcan Rolled Products Company (Novelis); Alcan Employees F.C.U.; Joseph and Muriel Allerton; Jack B. Alter, CPA; Thomas Arctander Architects; Associated Dental Arts of Oswego; Biospherix Ltd.; Birds Eye Foods; Black Clawson; Brascan Power; Broadwell Development; C&S Engineers Inc.; C&C Metal Fabrications Inc.; Caraccioli and Associates; Paul A. Castaldo Inc.; Caswell and Associates CPAs, P.C.; Century 21 Galloway Realty; Clough, Harbour and Associates, LLP; Community Bank, N.A.; Constellation Energy; Hosmer F. Culkin; George Cuppernull; DKR Investments; DeWald Roofing; Eastern Shore Associates; Entergy Nuclear Northeast; Richard Fiese, DMD; The Fulton Companies; Fulton Savings Bank; Fulton Tool Company Inc.; Giovanni Food Company Inc.; Dr. Marc Grosack; David Hawthorne; Dee C. Heckethorn; Hiscock and Barclay; Huhtamaki Consumer Packaging; Arthur E. Jones; Key Bank of New York; LADDCO-GC Inc.; Laser Transit Ltd.; Dr. William A. Mahon; Majestic Mold and Tool; Mirabito Development Inc.; Morabito Auto Parts; NRG Energy Inc.; Niagara Mohawk; Doren P. Norfleet, Esq.; Oley's Express; Oneida Lake Petroleum; Oswego County Business Magazine; Oswego County National Bank; and Oswego Valley Insurance Agencies.

Also, Oswego Wire Inc.; Pathfinder Bank; Peppercorns Inc.; Lou Pettinelli; Port City Family Medicine; Port of Oswego Authority; QMP Enterprises Inc.; Charles Rock Associates; Eugene Saloga;
Paul W. Schneible, CPA; Janice Snyder Realty; Corte Spencer; Millard S. Sullivan; Samuel J. Sugar, Esq.; The Ultimate Edge; VIP Development Associates Inc.; Vickery Insurance; and Central Square Walmart.

Recent economic development projects in Oswego County include:

• KLG Transport will expand its woman-owned trucking business in the town of Granby. The owner is a graduate of the Micro-Enterprise Training Program and will receive funding from the County of Oswego Industrial Development Agency (IDA) and Oswego County National Bank. The project will create and/or retain six jobs; and

• Central Square Farm and Equine Supply is a new retail feed, home, farm and garden products business in West Monroe. The project will receive financial assistance from an SBA 504 loan through OOC, the IDA and Fulton Savings Bank. The new business will create four new jobs.

Oswego County’s Public Utility Service recently initiated a low-cost electrical energy program for new and expanding businesses in Oswego County. The goal of the low-cost power program is to create jobs using low-cost electricity produced by Entergy Nuclear Northeast at the James A. FitzPatrick Nuclear Power Plant in Scriba. Up to 10 megawatts of low-cost power per year for the next six years will be allocated. This low cost power allocation is a unique incentive in upstate New York that could be structured in economic development finance packages to expand and compliment existing incentive programs such as the Empire Zone program, IDA and SBA financing, and Empire State Development and Niagara Mohawk economic development funding programs.

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