Welcome to the
Town of Colonie
Industrial Development Agency (IDA)
John Kearney
Chairman
Joe LaCivita
Executive Director
The Crossings: a great place to relaxGrowth of ColonieMeeting ScheduleIDA Applications

The Town of Colonie Industrial Development Agency

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The Town of Colonie Industrial Development Agency (IDA) is a not-for-profit public benefit corporation of the State of New York. The IDA was formed by separate act of the New York State Legislature and offers program authorized under the NYS Public Authorities Law.

The Agency is in place to help private businesses improve the job opportunities, health, general prosperity, and overall economic welfare of the Town and its residents over the long term. Our immediate goal is to retain and promote employment by supporting projects that will have a positive impact on the Town's economy

The Agency shall offer businesses financial incentives inthe form of tax-exempt and taxable bonds to cover the cost of construction, rehabilitation, and equipping for a wide range of commercial and industrial projects.

Projects undertaken by the Agency are exempt from sales and mortgage recording taxes, and real property tax abatement is also available for certain manufacturing projects. These exemptions enable the Agency to lower the costs of undertaking and financing a project.

 

 

 

 

 

Announcement(s)

The next IDA meeting
Monday March 24th, 2014 at 6:30pm

IDA Meeting Schedule

March 24th, 2014
at 6:30pm

May 19th, 2014
at 6:30pm

September 22nd, 2014
at 6:30pm

October 20th, 2014
at 6:30pm

December 15th, 2014
at 6:30pm