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Welcome to the OLDC Web Page

The Olean Local Development Corporation (OLDC) is a not-for-profit corporation that was formed at the direction of the City of Olean to work with local government on its efforts to create quality communities. Municipal officials and community leaders serve on the OLDC’s Board of Directors. The Board is actively working on the Bradner Stadium Renovation Project. More information on this project may be found by going to the Bradner Stadium website at


OLDC Audit Committee Charter (pdf) New
OLDC Finance Committee Charter (pdf) New
Annual Report Year Ending 5/31/2018 (pdf) New
Report on Financial Statements Years Ended 2018, 2017
OLDC Report on Internal Controls 9/8/2018
Final Management Letter 9/6/2018


OLDC 2018-19 Adopted Budget (pdf)
OLDC 2017-18 Adopted Budget (pdf)


OLDC By-Laws (pdf)
Disposition of Property - OLDC (pdf)
OLDC Internal Control Assessment (pdf) New
OLDC Organizational Flow Chart (pdf) New
OLDC Policy Prohibiting Credit (pdf) New
OLDC Purchasing Guidelines (pdf) New
OLDC Usage of Credit Cards/Charge Accounts (pdf) New
OLDC Usage of Corporate Governance Concepts New
OLDC Usage of Authority Discretionary Funds New
Real Property Owned By the OLDC New
Whistleblower Policy (pdf)
Code of Ethics (pdf)


Mission Statement and Performance Measurements 2018
Governance Committee Charter (pdf)