Incentives and Financing
The Essex County IDA has a variety of financing opportunities available. The ECIDA is also able to partner with New York State and other Regional development organizations. For detailed information on the following, follow the links on the right side of this page.
- Essex County IDA Loan Program
- Tax-Exempt Industrial Bonds (IRB's)
- Straight Lease Transactions
- PILOT (Payment in lieu of Taxes)
- Property Tax Abatement
The Regional Approach
The Regional Economic Development Council initiative (REDC) is a key component of Governor Andrew M. Cuomo's transformative approach to State investment and economic development. In 2011, Governor Cuomo established 10 Regional Councils to develop long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations.
Partners & Resources
Essex County Government