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.
The MVIDA Board of Directors is chaired by Mayor Andre Wallace and other MVIDA Board members. For more information, please contact the MVIDA office at #914-840-4027.
Current MVIDA Public Notices
Click here to view current MVIDA postings
MVIDA Forms & Governance Documents
MVIDA Board Regular Meeting Calendar (2019)
MVIDA Meeting Minutes (September 2015 – December 2018)
Statement Regarding MVIDA 2017 Audited Financial Report
MVIDA 2017 Audited Financial Report
MVIDA 2016 Audited Financial Report
MVIDA Compensation Policy (effective 9-25-2008)
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)
2017 Report on Operations and Accomplishments
MVIDA 2017 Performance Measurement Report
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 Whistleblower Protection Policy (effective 9-25-2008)
MVIDA Uniform Tax Exempt Policy
MVIDA Resolution Extension of UTEP To June 30, 2019(Approved 12-12-2018)
MVIDA PARIS Budget & Financial Plans (2016-2021)
MVIDA PARIS Budget & Financial Plans (2015-2019)
Helpful Economic Development Links
Business Council of Westchester
City of Mount Vernon’s AMAZON H2Q Pitch
NYS Economic Development Council’s Overview of IDAs
