About Us
The mission of the Erie County IDA is to provide the resources that encourage investment, innovation and international trade - creating a successful business climate that improves the quality of life for the residents of the region.
The Erie County Industrial Development Agency (ECIDA), is a public benefit corporation created in 1970 by an act of the New York State Legislature to promote private sector industrial / business investment, creating job opportunities and economic growth for people who live and work in Erie County. The State of New York sanctioned the ECIDA to offer tax incentives, or limited future tax discounts, to qualified businesses who make large capital investments in within the borders of Erie County.
The ECIDA does not receive any direct funding for its operations from any local, state or federal tax sources. Instead, the cost of operating the IDA is paid primarily by those businesses that benefit from the economic development services they receive: the ECIDA collects fees from the businesses we enter into contracts with. The ECIDA does not use taxpayer funds for operating costs; we are self-funded, and we are not part of the Erie County government body.
Incentivizing Private Economic Growth
Our expert Business Development Team can provide guidance during the entire application and approval process.
The ECIDA offers incentives to encourage job growth and private investment in Erie County, including:
- Savings on future sales tax, mortgage recording tax and property tax related to a large capital investment
- Advanced manufacturing site development
- Agribusiness site development
- Low-interest business loans and lines of credit
- Tax Exempt Bond Financing for nonprofits
ECIDA Overview PDF click here
For more information, please call 716-856-6525 to speak with a member of our Business Development Team, or email us here.
