Since its inception in 2012, The Westchester County Local Development Board (LDC) has assisted not-for-profit organizations in securing tax-exempt bond financing benefits totaling over $400 million. These benefits are provided at no cost or risk to the taxpayers of Westchester County.

Depending upon an organization's growth needs, acquisition, construction, reconstruction, equipping and/or furnishing of its facilities, it can receive funding from the proceeds of tax-exempt bonds issued by the LDC. Want to find out if your organization is eligible?  Complete the LDC Project Worksheet.  You may also call us at (914) 995-2952 to learn more.

In accordance with the 2005 Public Authorities Accountability Acts and the 2009 Public Authorities Reform Act, the LDC has adopted adopted by-laws, and annually adopts a Mission Statement with Performance Measure report, and the following policies:

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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