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.

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 Mission Statement

MVIDA Board Regular Meeting Calendar (2019)

MVIDA Meeting Minutes (September 2015 – December 2018)


Statement Regarding MVIDA 2017 Audited Financial Report

MVIDA Audit Questionnaire

MVIDA 2017 Audited Financial Report

MVIDA 2016 Audited Financial Report

MVIDA Procurement Policy

MVIDA Compensation Policy (effective 9-25-2008)

MVIDA Committee Assignments

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)

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 Code of Ethics

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)

MVIDA FOIL Request Form

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