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Mount Vernon Industrial Development Agency (IDA)

 Economic Development and Business Incentive Programs

The Mount Vernon Industrial Development Agency (the “Agency”) is a public benefit corporation authorized by the State of New York. The mission of the Agency is to promote, develop and assist businesses seeking medium to long term financial assistance for eligible projects in the area of manufacturing, warehousing/distribution, and mixed- use developments such as housing and retail facilities in the City of Mount Vernon. The overall goal of the Agency is to attract and create job opportunities and economic vitality for the ultimate benefit of its residents.

Under the Industrial Development Agency Act, the Agency is allowed to issue revenue bonds/notes, sales tax exemption, mortgage recording tax exemption and property tax abatement to support private or commercial businesses for new construction or rehabilitation. Properties involved in a project are legally titled to the Agency until all financial obligations are satisfied.

 Each completed project through the Agency continues to attract investors, foster economic growth and enhances the City’s strategic growth plans.

Mission Statement

IDA By-Laws

IDA Application Form

IDA Financial Summary (2015)

IDA Independent Audit (2014)

IDA Procurement Report (2015)

IDA Schedule of Authority Debt 2015

IDA Certified Financial Audit 2015

IDA Investment Information 2015


IDA Meeting Agendas 2015

IDA Performance Measurement Report 2015

IDA Organizational Chart

IDA Board Committee 2012 – 2015

List of Documents Needed for Project Presentations 2015

Code of Ethics

Whistleblower Protection Policy

Contractor Exempt Purchase Certificate – ST-120.1

Project Operator ST-60 Form

Uniform Tax exempt Policy

IDA (PARIS)Budget & Financial Plans 2015-2019

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