St. Lawrence County Local Development Corporation Mission Statement Reviewed and Reaffirmed in Public Session on February 27, 2014 The mission of the St. Lawrence County Local Development Corporation(SLCLDC) is to increase adequately remunerated employment in St. Lawrence County; support existing microenterprises and the creation of new microenterprises; instruct and train individuals to develop and/or enhance their entrepreneurial and work skills; conduct research to identify new microenterprise opportunities and support the development of these opportunities; act in the public interest and lessen the burdens on government; and administer the SLCLDC’s loan and grant programs. The St. Lawrence County Local Development Corporation is devoted to encouraging the economic advancement of St. Lawrence County’s low-moderate income citizens and the preparation of citizens for business ownership through the responsible provision of financial products, training, technical assistance and support to new and expanding microenterprises. Performance Goals Entrepreneurial assistance to St. Lawrence County’s new and expanding microenterprises through the responsible provision of financial products, training, technical assistance and support that encourages the economic advancement of St. Lawrence County’s low-moderate income citizens. Ensure a transparent and accountable operation with responsibly-managed, authority assets. Market authority programs and partner with local entities that provide small business training program assistance. Accountable and informed business lending assistance that encourages job creation or retention. 2014 Performance Review (January 2014 – December 2014) In 2014, the St. Lawrence County Local Development Corporation provided assistance to a number of employers, communities and stakeholders throughout St. Lawrence County. As part of our Public Authority Law compliance program, we conduct annual reviews of our policies regarding Property Disposition, Investment of Funds, and Procurement. Performance reports and Board evaluations for 2013 were also reviewed in 2014. 2013 Independent Audit reports were approved in March of 2014. Legislators were provided the reports electronically. In addition, the reports were made available on our website at www.SLCIDA.com. Hebel Welding and Machine, LLC, as part of its plant expansion, received $20,000 as loan financing through our Microenterprise Revolving Loan Fund. Proline-Striping received microenterprise fund loan financing in the amount of $20,000 to assist with the purchase of equipment and general startup costs to support the Depeyster-based business. The project is expected to create one (1) full-time position. Sharrow’s Home Repair and Renovation received microenterprise fund loan financing in the amount of $20,000 to assist the Star Lake-based company with the purchase of two (2) key pieces of equipment. The project is expected to create one (1) full-time seasonal position. At its Annual Meeting on June 26, 2014, Brian W. Staples was reelected Chairman, Ernest J. LaBaff was reelected Vice-Chairman, and Lynn Blevins was reelected Secretary. Patrick Kelly was reappointed Chief Executive Officer and Thomas Plastino was reappointed Chief Financial Officer. The St. Lawrence County Local Development Corporation approved its FY2015 Budget. St. Lawrence County Local Development Corporation Additional Questions 1. Have the board members acknowledged that they have read and understood the mission of the public authority? ANS: Yes – the Board members reviewed and approved (by formal resolution) the mission statement and performance measures of the board. 2. Who has the power to appoint the management of the public authority? ANS: Management is appointed by the board members of the authority. 3. If the Board appoints management, do you have a policy you follow when appointing the management of the public authority? ANS: The board of the St. Lawrence County Local Development Corporation appoints its Chief Executive Officer and Chief Financial Officer. The Chief Executive Officer appoints management and staff. 4. Briefly describe the role of the Board and the role of management in the implementation of the mission. ANS: The Board, with assistance of management, works to develop the authority’s mission, and evaluate the authority’s goals and performance. Management ensures that the Board’s mission and goals are carried out in a manner which achieves the intended public purpose - a process involving program evaluation, reporting, feedback and recommendation. 5. Has the Board acknowledged that they have read and understood the responses to each of these questions? ANS: The Board acknowledges its understanding of this document by formally approving the document in public session.