corporation
The Orange County Industrial Development Agency, a public benefit corporation organized under Article 18-A of the General Municipal Law of the State of New York, provides assistance to qualified companies through a program of incentives. While the IDA does not lend money, it offers a wide range of incentives to qualifying businesses to encourage job creation and job retention. These incentives include, but are not limited to, sales and mortgage tax exemptions, real property tax abatements and, in some cases, the issuance of tax exempt bonds.
job creation
Dedicated to their mission of job creation in Orange County, the IDA has partnered with federal, regional, state and local agencies to attract numerous companies to Orange County. The IDA has also assisted numerous existing companies in the expansion of their businesses, allowing them to become more competitive in the marketplace. Over the last two years alone, the IDA has helped create more than 1100 permanent jobs, while also retaining over 600 local jobs.
board of directors
Governed by an all-volunteer seven member Board of Directors, the Orange County Industrial Development Agency operates without any public funds. Rather, the IDA uses fees charged to applicants to carry out its goals to further economic development in Orange County.
new business
Always looking for new ways to encourage job-creation and economic development in Orange County, the IDA is creating new avenues for growth in our region. The IDA has championed the innovative The Accelerator, a business incubator which offers discounted office space and mentoring programs to new businesses at its New Windsor location.