Securing Our Future: ACIDA Releases 2025 Annual Report

As we look back on 2025, the Allegany County Industrial Development Agency (ACIDA) is proud to share a year defined by redevelopment, reinvestment, and resilience. Our 2025 Annual Report, officially released today, showcases the significant strides we have made in breathing new life into local assets and laying the groundwork for a prosperous future.

Turning Potential Blight into Business
One of the crowning achievements of the year was the launch of the Cuba Business Park. By transforming a 34-acre vacant industrial campus into a multi-tenant hub, we have set the stage for 40+ new jobs and a $1 million private investment in our community.

Similarly, we are seeing incredible progress at the Wellsville Business Park, which continues to thrive as a hub for manufacturing and warehousing.

Powering Growth Through Renewable Energy
2025 was a landmark year for clean energy. The Alle-Catt Wind Energy Proiect represents a direct investment of approximately $414 million in Allegany County alone. Beyond energy, our 14 completed solar projects now provide over $1.18 million in annual recurring local benefits through PILOTs and host community agreements.

Empowering the "Heart of Our Economy"
Our success reached the "micro" level through the Micro-Enterprise Assistance Program (MAP). Since 2021, in partnership with Allegany County, NY CDBG, IncubatorWorks, and ACCORD we have invested over $680,000 into 24 local small businesses, maintaining a 100% business retention rate. From Triple Brew in Canaseraga to the Solutions Hub in Wellsville, these entrepreneurs are truly the heartbeat of our county.

Key Highlights from 2025:

• Total Facilitated Private Investment: Over $439 Million.
  
• Brownfields Progress: Officially launched the EPA Brownfields Assessment program, initiating Phase I assessments for our first four priority sites.
  
• A New Era of Lending: Finalized the formation of the Allegany County Local Development Corporation (ACLDC), which will begin issuing strategic low-interest loans in January 2026.
  
• Fresh Perspectives: We welcomed our first full-time employee, new Assistant Director, Melissa Pingitore

Looking Toward 2026
We are heading into the new year with immense momentum. Our focus remains on supporting existing businesses, recruiting new industries, and ensuring Allegany County is a place where "growth and success take root".

Upcoming projects to watch include the completion of the Saxon Hill Sports Complex at Alfred University and the design phase of the Allegany Gateway Marketplace at "The Crossroads".

~Read the Full 2025 ACIDA Annual Report Here~
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