New Business in Orange County, NY can mean big business, stabilizing the economy, and fostering its growth.
Here, your New Business in Orange County, NY, can flourish with the help of the Orange County Industrial Development Agency (IDA) – whether you are a savvy local start-up firm – or an established corporation looking for a new destination. The Orange County IDA and its partners offer a wide selection of incentives for your company.
No matter if you are starting a small New Business in Orange County, NY, or any other part of Orange County, NY, or relocating a bustling firm, the Orange County IDA’s enterprising initiatives can help your business reach its full potential. The Orange County IDA promotes economic development and New Business in Orange County, NY based on incentives that aid the construction, equipping and maintenance of specific types of projects and facilities.
By starting a New Business in Orange County, NY, your operation will benefit from these initiatives, which include exemptions from sales tax on materials and equipment purchased during construction projects. The Orange County IDA also provides firms relocating 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.
A New Business in Orange County, NY, or anywhere else in Orange County, NY can also be bolstered by IDA-sponsored 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 agreedupon percentage that usually would be due on the property if the project was completed without any tax abatements.
The IDA’s 10 and 15-year PILOT are given on a case-by-case basis. All projects are subject to eligibility requirements. These incentives set the stage for New Business in Orange County, NY and elsewhere in Orange County, NY to soar with the Orange County IDA helping to lay the groundwork for a successful business venture.
For New Business in Orange County, NY contact the IDA at 845-234-4192