Pursuant to the Authority granted by New York State, it is the mission of the City of Hornell Industrial Development Agency to advance job opportunities, health, general prosperity and economic welfare of the people of the City of Hornell, by actively working to promote, attract, encourage and develop recreation, economically sound commerce and industry, for the purpose of preventing unemployment and economic deterioration.

The City of Hornell Industrial Development Agency will achieve this mission, by utilizing the powers granted to it by New York State, by providing financial assistance to qualified projects. This assistance shall include conduit bond financing, lease/leasebacks, or exemption from taxation, or support/grants to community organizations with similar missions.

The City of Hornell Industrial Development Agency will carry out this mission guided by the tenets of transparency, integrity, and accountability.

DATE ADOPTED: 09/27/2012

REVIEWED & ADOPTED: Samuel Nasca, Chair

                                    George Prete, Vice Chair

                                    Shawn Hogan, CFO, Treasurer

                                    David Parmley, Asst. Treasurer

                                    Joseph Foreman, Secretary