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SCIDA seats new directors

Published January 28. 2011 05:00PM

During the 41st annual meeting of the Schuylkill County Industrial Development Authority (SCIDA) held on Jan. 20, in Pottsville, three directors took their seats for new terms on the board.

Each appointed to the SCIDA board by the Schuylkill County Commissioners for a five-year term ending on December 31, 2015 are Brian Canfield of Pottsville, Attorney Joseph R. Baranko Jr. of McAdoo, and John F. Reilly Jr. of Ashland.

SCIDA was organized by the Commissioners of Schuylkill County in 1969 to enable local industrial and commercial businesses to take advantage of tax-exempt financing for projects that created or retained jobs in Schuylkill County. This mission is achieved through the issuance, by SCIDA, of tax-exempt bonds and mortgages, sold either on the open market or purchased entirely by local banks.

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