Industrial Renovation in Orange County , NY

Industrial Renovation in Orange County, NY can rehabilitate sagging economies, bolster already robust ones and create revenue and jobs for communities.

If you build it – or refurbish it – these benefits will likely continue. The Orange County Industrial Development Agency has stimulated Industrial Renovation in Orange County, NY with a variety of initiatives and trusted partnerships, which have strengthened the local Orange County, NY economy.

IDA SEO pixIndustrial Renovation in Orange County, NY

As a company matures and develops, it often needs some kind of renovation. It can be minor such as simple upgrades and maintenance. However, sometimes Industrial Renovation in Orange County, NY requires major renovations and expansion.

Firms move ahead with Industrial Renovation in Orange County, NY to accommodate more employees, create a new image or attract new clients. The Orange County Industrial Development Agency (IDA) regularly works with a diverse group of clients to assist with these initiatives, offering many different tax incentives.

By taking advantage of these, your corporation can benefit even more from Industrial Renovation in Orange County, NY. The benefit’s the Orange County IDA can offer are impressive and diverse. For instance, the IDA offers exemptions from sales tax on materials and equipment purchased during construction projects. In the event of a relocation, The Orange County IDA also provides consumers with a mortgage recording tax exemption.

Mortgages filed for an Orange County IDA sponsored project are exempt from 1.05 percent of the New York State mortgage recording tax. Some other advantages of Orange County IDA-sponsored Industrial Renovation in Orange County, NY include tax abatements for improvements on a property which results in an increase in its property value by the taking jurisdiction (village, county and school district). The IDA’s PILOT (Payment In Lieu of Taxes) program offers an agreed-upon percentage that usually would be due on the property if the project was completed without any tax abatements. All of these incentives can help with Industrial Renovation in Orange County, NY.

The IDA’s 10 and 15-year PILOT are given on a case-by-case basis. All Industrial Renovation in Orange County, NY projects are subject to eligibility requirements. However, with the help of the Orange County IDA, you don’t have to build or renovate without support and financial backing.

For Industrial Renovation in Orange County, NY contact the IDA at 845-234-4192