Westchester County Industrial Development Agency

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The Westchester County Industrial Development Agency (IDA) can be an important source of financial assistance to both existing businesses and those relocating. A variety of incentives are available to corporations and small companies, as well as educational institutions, libraries, affordable housing developments, and other non-profit organizations.

More than 100 organizations and companies have sought and received benefits totaling more than $200 million in the past 25 years. While large corporations have certainly been represented, many of the benefits have gone to firms with fewer than 25 employees.

Depending upon an organization’s growth needs, the acquisition, construction, reconstruction, equipping and/or furnishing of certain manufacturing, commercial, R&D and not-for-profit projects can be funded from the proceeds of taxable and tax-exempt securities issued by the IDA. The agency can also provide exemptions from use and sales taxes for certain pre-approved expenditures related to construction, furnishings, business equipment and related capital improvements.

In accordance with the 2005 Public Authorities Accountability Act, the Agency has adopted By-laws, a Code of Ethics, Whistle Blower Policy, Investment Policy, and Property Disposition Policy.

The IDA files an annual report to the Office of the New York State Comptroller, as well as semi-annual reports to the New York State Authority Budget Office. Click here to review the 2008 Budget Report to the Authority Budget Office. A complete roster of our Annual and Budget Reports ot the New York State Authority Budget Office as well as our most recent Independent Financial Audits may be found here.

Westchester County Industrial Development Agency
Room 903, Michaelian Office Building
148 Martine Avenue
White Plains, NY 10601
Phone:914.995.2916, Fax: 914.995.3044, E-mail mgg8@westchestergov.com