NEW YORK STATE URBAN DEVELOPMENT CORPORATION d/b/a ...

FOR CONSIDERATION
April 17, 2012
TO: The Directors
FROM: Kenneth Adams
SUBJECT: Chazy (North Country Region – Clinton County) – Clinton Industrial
Development Acquisition Working Capital – Economic Development
Purposes Fund – Working Capital (Grant)
REQUEST FOR: Findings and Determinations Pursuant to Section 10 (g) of the Act;
Authorization to Make a Grant and to Take Related Actions
I. Project Summary
Grantee: Clinton Industrial Development Acquisition, LLC (“CIDA” or the
“Company”)
ESD* Investment: A grant of up to $1,200,000 to be used for the cost of maintenance and
marketing of the former Pfizer Research and Development facility (the
“Facility”).
* The New York State Urban Development Corporation doing business as
the Empire State Development (“ESD” or the “Corporation”)
Project Location: 641 Ridge Road, Chazy, Clinton County
Proposed Project: Acquisition, maintenance and marketing of the Facility to create
investment and job growth.
Project Type: Maintenance and marketing