Welcome to the
Town of Colonie
Industrial Development Agency (IDA)
John Kearney
Joe LaCivita
Executive Director
The Crossings: a great place to relaxGrowth of ColonieMeeting ScheduleIDA Applications

The Town of Colonie Industrial Development Agency


The Town of Colonie Industrial Development Agency (IDA) is a not-for-profit public benefit corporation of the State of New York. The IDA was formed by separate act of the New York State Legislature and offers program authorized under the NYS Public Authorities Law.

The Agency is in place to help private businesses improve the job opportunities, health, general prosperity, and overall economic welfare of the Town and its residents over the long term. Our immediate goal is to retain and promote employment by supporting projects that will have a positive impact on the Town's economy

The Agency shall offer businesses financial incentives inthe form of tax-exempt and taxable bonds to cover the cost of construction, rehabilitation, and equipping for a wide range of commercial and industrial projects.

Projects undertaken by the Agency are exempt from sales and mortgage recording taxes, and real property tax abatement is also available for certain manufacturing projects. These exemptions enable the Agency to lower the costs of undertaking and financing a project.

















» The cost-benefit analysis for
the Starlite Associates, LLC and The Ayco Company, L.P. projects is available here. adobe acrobat pdf file for informational download

All Meetings

The next IDA meeting will be held on Monday September 16, 2019, at 6:00 pm at the

Town of Colonie Public Operations Center
347 Old Niskayuna Road
Latham, NY 12110

IDA Meeting Schedule

February 4th, 2019
at 6:00pm

March 18th, 2019
at 6:00pm

June 17th, 2019
at 6:00pm CANCELLED

September 16th, 2019
at 6:00pm

October 21st, 2019
at 6:00pm

December 16th, 2019
at 6:00pm