Erie County Industrial Development Agency

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ECIDA - Erie County Industrial Development Agency

Buffalo Lakeside Commerce Park

Corporate Policies

ECIDA

The Erie County Industrial Development Agency (ECIDA) has a related party relationship with the Buffalo and Erie County Regional Development Corporation (RDC), the Buffalo and Erie County Industrial Land Development Corporation (ILDC) and the ATC of Buffalo and Erie County, Inc. (ATC).

All four entities are managed by the same personnel. RDC and ECIDA share the same board of directors as their oversight body. These entities share the same business objective, which is the stimulation of the local economy through the funding of ventures which ultimately result in job creation, retention and/or investment in the County of Erie.

Corporate Policies:

RDC

Buffalo and Erie County Regional Development Corporation (RDC) was incorporated for the purpose of encouraging the expansion of existing companies in target areas of the County of Erie by establishing an Industrial Revolving Loan Fund from which RDC makes loans to individual companies. RDC manages a number of revolving loan funds. Each revolving loan fund is maintained under an agreement or an established loan administration plan approved by the grantor governing the management of the revolving loan fund.

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ILDC

Buffalo and Erie County Industrial Land Development Corporation (ILDC) was incorporated for the purpose of participating in the acquisition and development ofindustrial sites and to provide financial assistance for the acquisition or renovation of fixed assets by industrial companies locating or expanding in the County of Erie. ILDC manages a number of revolving loan funds each of which is dedicated to improving economic conditions in part or all of the County of Erie. Each revolving loan fund is maintained under an agreement or an established loan administration plan approved by the grantor governing the management of the revolving loan funds.

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ATC

ATC of Buffalo and Erie County (ATC) owns and operates a local facility primarily utilized by the Enterprise Charter School.

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