Cayuga County is ending its financial support for the Cayuga Economic Development Agency (CEDA) and will redirect funding to the Cayuga County Development Corporation (CCDC).
According to The Citizen, the County announced the $375,000 budgeted for economic development will now support CCDC, an entity established in 2002.
Following discussions with Auburn Mayor Jimmy Giannettino and other stakeholders, McNabb-Coleman stated that CCDC will expand into a “new economic development vehicle.” This organization will serve as a one-stop model for small business development, large business expansion, and retention.
The decision was influenced by an 88-page consultant report on CEDA, which included 34 recommendations for revamping the agency.
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