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 his fellow MVIDA Board members are Mr. Lawrence Porcari, Esq. (Vice Chairman) and Commissioner Thomas Rajala.  There are currently two vacant seats to be filled in early 2018.  For more information, please contact the MVIDA office at #914-840-4015.


Current MVIDA Public Notices

Click here to view current MVIDA postings

MVIDA Forms & Governance Documents

MVIDA Mission Statement (2016-2017)

MVIDA Board Regular Meeting Calendar (2018)

MVIDA Meeting Minutes (2015-2017)


MVIDA 2016 Audited Financial Report

MVIDA Procurement Policy (effective 3-31-2017)

MVIDA Board Committee Assignments (2016-2017)

MVIDA Application for Financial Assistance

MVIDA Financial Summary (2015)

MVIDA Independent Audit (2014)

MVIDA Procurement Report (2015)

MVIDA Schedule of Authority Debt (2015)

MVIDA Certified Financial Audit (2015)

MVIDA Investment Information (2015)

MVIDA PILOT Projects (2015)

MVIDA 2016 Performance Measurement Report

MVIDA Performance Measurement Report (2015) 

MVIDA 2017 Organizational Chart

MVIDA 2016 Organizational Chart

MVIDA Project Applicant’s Document Checklist

MVIDA Code of Ethics

MVIDA Uniform Tax Exempt Policy

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

MVIDA PARIS Budget & Financial Plans (2015-2019)

MVIDA Project Progress & Verification Questionnaire

MVIDA FOIL Request Form (2017)


Helpful Economic Development Links

Business Council of Westchester

City of Mount Vernon’s AMAZON H2Q Pitch

NYS Economic Development Council’s Overview of IDAs

NYS Empire State Development

Westchester County Association

Westchester County Business Journal


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