Industrial Development Agency

The Wyoming County IDA's mission is to promote, encourage and attract economic development projects in Wyoming County that result in the retention and/or creation of job opportunities that will generate additional tax revenues. A strong county economy enhances the quality of life and general prosperity for all Wyoming County residents.

Factory Workers photoThe Wyoming County IDA (WCIDA) is a public benefit corporation established in 1974 under New York State legislation and regulation. The agency is governed by a five member volunteer Board of Directors who are appointed by the Wyoming County Board of Supervisors. An Executive Director selected by the IDA Board manages daily operations.

Funding for WCIDA activities is provided through fees charged to business participants, interest earned on loans and investments, and occasional government grants.

The WCIDA becomes involved in development projects that will provide substantial economic benefits. Eligible projects include manufacturing, industrial, and research and development activities. The WCIDA will also assist other projects that:

Total project costs should generally exceed $500,000. Priority will be given to projects that contribute to the revitalization of economically and physically distressed areas.

The WCIDA generally does not assist retail project. Housing or residential development is not an eligible project.

Tax Savings

New York State Law provides the WCIDA with the authority to abate or exempt taxes to qualifying project, thus allowing a company to improve cash flow at a critical time in its growth. These tax incentives include:

Business Financing Programs

The WCIDA may assist in the financing of business projects through several low interest loan programs, subject to borrower eligibility.

Grant Assistance

The WCIDA is constantly working with a variety of state and federal agencies and monitors new and existing programs that could benefit local companies. The WCIDA has successfully worked with the following agencies to promote business growth in Wyoming County:

For more information:  585-237-5080

Learn if your plans qualify for incentives.

CONTACT: James M. Pierce, President of Wyoming County Business Center
PHONE: (585) 786-3764 | FAX: (585) 786-6020 | WEBSITE: www.wycobusiness.org