When a company or organization enters into an agreement for IDA bonds or straight lease benefits, it is legally defined as a “project.”

New York State General Municipal Law and related:

New York State forms for companies and organizations receiving IDA benefits:

  • ST-60 - Appointment of IDA Operator--submitted to NYS Dept. of Taxation when the agency issues a Sales Tax Exemption letter
  • ST 120.1 - Contractor Exempt Purchase Certificate--provided by the project sponsor to its vendors
  • ST-340 - Annual Reporting Form--submitted by project sponsor each year reporting on sales tax exemptions taken in the previous year
  • Publication-862 - Sales and Use Tax Classifications of Capital Improvements and Repairs to Real Property--sponsors are required to file their jobs with the county's One-Stop Employment Center
  • A Business Incentive Rate application, to determine potential for reduced utility rates, may be filed by an organization within 30 days of inducement by the agency or receipt of benefits from Empire State Development

Our Incentives

Westchester County’s various incentives help support startups, assist not-for-profits, and promote economic development through creating, attracting and retaining jobs, and more.


Industrial Development Agency

Sales tax exemptions on new construction, expansion or renovation projects, or the acquisition of new equipment, and more help companies grow and prosper.

Aerial view

Local Development Corporation

Since its inception in 2012, we’ve assisted not-for-profit organizations in securing tax-exempt bond financing benefits totaling over $400 million—at no cost or risk to the taxpayers of Westchester County.

Our Programs

Westchester County offers programs and services to assist and incentivize businesses.

Man on a laptop

Element 46 Incubator

The new Element 46 Incubator program kicked off in 2019 to inspire and support entrepreneurial talent and the development of new businesses in the County. Nearly a hundred business leaders will serve as mentors to startups, offering their expertise, time, and support.

Woman of color smiling

Minority and Women-Owned Business Program

Westchester works to encourage, promote and increase participation of business enterprises owned and controlled by persons of color or women.


Opportunity Zones

This new community investment tool established by Congress in 2017 encourages long-term investments in low-income urban and rural communities nationwide.

American flag waving

Service-Disabled Veteran - Owned Business Program

Westchester encourages and supports eligible SDVOBs to play a greater role in the state's economy by increasing their participation in New York State's contracting opportunities.

Woman at a POS unit

Disadvantaged Business Program

This federally regulated program provides a vehicle for increasing the participation by small businesses owned and controlled by socially and economically disadvantaged individuals.

Subscribe to Westchester County

Interested in getting our newsletter?

Contact Westchester County

Questions or comments?