Michael F. Hoepp ’05, assistant to the president and chief of staff, was recently cited in a Finger Lakes Times article as one of nine people being proposed for appointment to a new corporation by City Council. During a recent City Council meeting, Hoepp and eight others were named as inaugural members of the local development corporation’s (LDC) board of directors.
“The impetus for establishing a local development corporation was changes made by the state to regulations governing industrial development agencies,” the article explains. The LDC would be able to provide financing incentives for not-for-profit organizations, which Geneva’s IDA can no longer do under the new rules.
Hoepp was named assistant to the president, chief of staff, and assistant secretary to the Board of Trustees in August 2009 and previously worked in the Office of Residential Education as assistant director for campus and community relations. He also served as the Hobart assistant rowing coach. He graduated from Hobart College in 2005 with a B.S. in biology.
The full article is below.
Finger Lakes Times
Council to propose 9 applicants for local development corporation
David L. Shaw • January 30, 2011
GENEVA –” If all goes as planned Wednesday, the city will have its first-ever local development corporation.
Nine people will be proposed for appointment by the City Council as the inaugural LDC board of directors.
The council’s Neighborhood Revitalization Committee interviewed applicants during January and recommended the following people:
Charles Buki, president of czb LLC of Alexandria, Va., a planning and consulting firm that has worked in Geneva.
Menzo Case, chief executive officer of Seneca Falls Savings Bank, which has a branch in Geneva.
Richard Conoyer, chief executive officer of CCN International, a Geneva furniture company at 200 Lehigh Street.
Martha Davis of LaFayette Avenue, a member of the city Human Rights Commission and volunteer coordinator for the Geneva Neighborhood Resource Center.
Steven Davoli, president of Century 21 Davoli Real Estate in Geneva.
Michael Hoepp, assistant to the President and Chief of Staff at Hobart and William Smith Colleges.
Robert Koczent, an official with Lyons National Bank’s Geneva branch.
David Linger, a lawyer, downtown commercial property owner and a representative of the Geneva Business Improvement District.
Lawrence “Bo” Wright of Highland Ave., assistant superintendent for instruction for the Geneva school district.
The impetus for establishing a local development corporation was changes made by the state to regulations governing industrial development agencies.
The state took away the ability of IDAs to provide financing incentives to not-for-profit organizations. That limited the Geneva IDA to being able to provide incentives to for-profit projects only.
That meant the IDA could not assist Finger Lakes Health, which operates Geneva General Hospital and several other health facilities in the city; Hobart and William Smith Colleges; and the New York State Agricultural Experiment Station.
But an LDC can provide the same kind of assistance as an IDA to those nonprofits wishing to expand or build new facilities.
“The civic facilities bonding that the IDA can’t do is one major reason for forming the LDC,” said Mathew Horn, city manager.
“It is also very flexible in what it can do in terms of grants and loans for economic development and neighborhood revitalization,” Horn said.
He said its initial funding could come from the city in the form of money or property.
The LDC can also generate money through a fee of 1 to 1.5 percent on bonding it does.