Industrial Development Agency (IDA)

The Industrial Development Agency (IDA) is administered by the City's Economic Development Corporation and provides tax exempt financing for manufacturing, industrial, and not-for-profit corporations. Pursuant to agreement with the owner and IDA, properties are assessed a Payment in Lieu of Taxes (PILOT).

Contact Information

For program information and eligibility, contact
NYC Department of Economic Development

For inquiries regarding the implementation of an IDA tax benefit
Email Finance IDA Program