The IDA approval process is governed by New York State General Municipal Law 18A and generally, includes:

  • The organization determines that it meets one or more of the project eligibility criteria outlined in the “Is my business eligible?” section.
  • The organization completes the online IDA Project Worksheet. Once submitted, the IDA and Office of Economic Development staff will arrange for a conference with the organization to discuss the eligibility of the project, types of benefits that can be provided, terms and conditions of a project agreement between the Agency and organization, and amount of legal and agency fees involved in executing the project.
  • Following review of the project by the IDA, the organization will be invited to submit a formal application. An application fee of $500 is required when the application is submitted. No applications will be accepted without meeting with the IDA or its staff beforehand. Download the IDA application.
  • The application is presented to Industrial Development Agency Board of Directors  The Board via a vote may formally “induce” -- tentatively approve the project. (Agency board meetings are generally held on the fourthThursday of the month. The applicant and its legal counsel attend the meeting to present the project and answer any questions that the board may have.)
  • Once a project is induced, the IDA must publish a public notice advising of the actions and benefits to be provided to the organization. A 30-day notification period must be given to the municipality in which the project is located. During this period, counsels for both the Agency and project prepare the project document. Bond projects involve compiling a team necessary to execute the indentures involved in an issuance.
  • Following the expiration of the 30-day period, and once a public hearing is held and the project documents are completed, the IDA board must vote to authorize the execution of the project.
  • The project agreements are executed. The Agency issues a Sales Tax Exemption Letter to the project and files an exemption document with New York State.
  • During the term of the agreement, the applicant is required to make annual reports to the IDA, detailing the amount of benefits taken and number of jobs retained or created. Consistent with state law, the organization receiving benefits is also required to file job openings with the county’s workforce development office.

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.

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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.

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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.

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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.

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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.

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Opportunity Zones

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

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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.

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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.

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