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

The Town of Colonie Industrial Development Agency

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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.

 

 

 

 

 

Announcement(s)


ALL MEETINGS

The next IDA meeting is scheduled for Monday December 18th, 2017, at 6:00 pm at the Public Operations Center

 

The Governance and Audit Committees will meet on
Monday, December 18, 2017 at 5:30 pm

IDA Meeting Schedule

January 23rd, 2017
at 6:00pm

March 20th, 2017
at 6:00pm

The next IDA meeting scheduled for Monday May 15th, 2017, at 6:00pm has been CANCELLED and will be rescheduled for a date in June (TBD)

July 10th, 2017
at 5:30pm

August 14th, 2017
at 6:00pm

October 16th, 2017
at 6:00pm

December 18th, 2017
at 6:00pm