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Mount Vernon Industrial Development Agency


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

Pursuant to the New York State Industrial Development Agency Act, MVIDA 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 MVIDA until all financial obligations are satisfied.  Each completed MVIDA project continues to attract investors, foster economic growth, and enhance the City’s strategic growth plans.

Mayor Thomas

Honorable Richard Thomas (MVIDA Bd. Chairman)

The MVIDA Board of Directors is chaired by Mayor Richard Thomas and the remaining four (4) MVIDA Board members are as follows:  Mr. Lawrence Porcari, Esq. (Vice Chairman), Mr. Leonard Iorio (Treasurer), Comptroller Maureen Walker, and Commissioner Thomas Rajala.  For more information, please contact MVIDA’s Executive Director, Stacey Brayboy, at #914-840-4015 or


Current MVIDA Public Notices

Click here to view current IDA postings


MVIDA Forms & Governance Documents

MVIDA Mission Statement (2016-2017)

MVIDA Board Regular Meeting Calendar (2017)

MVIDA Meeting Minutes (2015-2017)


MVIDA Procurement Policy (effective 3-31-2017)

MVIDA Board Committee Assignments (2016-2017)

MVIDA Application for Financial Assistance

MVIDA Financial Summary (2015)

IDA Independent Audit (2014)

MVIDA Procurement Report (2015)

IDA Schedule of Authority Debt 2015

IDA Certified Financial Audit 2015

IDA Investment Information 2015


IDA Meeting Agendas 2015

MVIDA 2016 Performance Measurement Report

IDA Performance Measurement Report 2015 

MVIDA 2017 Organizational Chart

MVIDA 2016 Organizational Chart

MVIDA Project Applicant’s Document Checklist

MVIDA Code of Ethics

Uniform Tax Exempt Policy

MVIDA_Resolution No. 2017-A6_Authorizing Extension of UTEP (approved 2-28-2017)

IDA (PARIS)Budget & Financial Plans 2015-2019

MVIDA Project Progress & Verification Questionnaire

MVIDA-owned Properties (2016)

MVIDA FOIL Request Form (2017)


Helpful Economic Development Links

NYS Economic Development Council (IDA overview)

New York Empire State Development



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