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IDA denies assignment of JBF Steel project citing missed pilot payments and job-reporting failures
2658678 · February 25, 2025
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Summary
The board voted to deny an assignment application for the JBF Steel project after staff and counsel found failures in job reporting and missed pilot payments; the motion was recorded and staff will notify the applicant of the decision and reasons.
The Herkimer County IDA voted to deny an application to assign the JBF Steel project to an entity associated with the Feldmeier group, citing noncompliance with reporting requirements and missed payments under the project's pilot agreement.
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