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Concord NY IDA - Home |
About the Concord Industrial Development Agency (CIDA)
The Town of Concord Industrial Development Agency is a non-profit public benefit corporation formed by the New York State Legislature in the 1980’s.
The purpose of the IDA is to encourage and assist companies with new Construction, expansion, facility improvements and equipment purchases and thereby advance the job opportunities, health, general prosperity and economic welfare of the people of New York State, specifically in the Town of Concord.
The purpose of Town of Concord, NY Industrial Development Agency ("CIDA") is to promote economic development, prevent economic deterioration, and advance job opportunities and the general prosperity and economic welfare of the people of Concord, NY through the creation or retention of jobs and the expansion and diversification of the Town of Concord tax base. To do this, the IDAs of Erie County encourage the construction, acquisition, retention and/or expansion of certain projects, as specifically identified below, and as authorized under Article 18-A of the New York General Municipal Law, by providing for the claiming of real property tax abatements and exemption from sales, use, and mortgage recording tax (collectively, "IDA Incentives"). The IDAs in Erie County have adopted this Uniform Tax Exemption Policy (the "Policy" and/or "Countywide Policy") to provide for uniform policies for the claiming of IDA Incentives.
Subject to compliance with all the requirements of Article 18-A of the New York General Municipal Law, proposed projects and/or projects with occupants whose businesses fall within the following categories are hereby determined to be eligible for IDA Incentives. Specific project approval granting IDA Incentives is subject to the approval by the appropriate authorized IDA.
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