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IDA DIRECTOR ANSWERS FUND CRITICISM

The director of the Chautauqua County Industrial Development Agency on Thursday said criticism of the Chautauqua Revolving Loan Fund was groundless and not based in fact.

Donald Burdick accused Assemblyman William Parment of dealing in "half-truths" over a federal inspector general's report on the fund.

For example, Burdick said $18,000 has not been lost but was an entry error.

"People are human and mistakes happen," he said. "There was no loss of funds."

Burdick also said the Chautauqua Revolving Loan Fund was not managed by Goodell, nor was the IDA, as Parment had claimed.

"This fund is managed by the Industrial Development Agency, a private corporation that is a public benefit corporation for the benefit of Chautauqua County," he said. "It is not operated by county government. I am the director of the fund. I am the person responsible for the fund."

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