The New York State Legislature has granted IDA’s temporary authority to provide small grants (for personal protective equipment) to qualified businesses and non-profit organizations within the Town of Montgomery that have been negatively impacted by COVID-19.
Welcome to the Montgomery Industrial Development Agency (IDA)
The IDA is here to promote, encourage and develop job opportunities and economically sound commerce throughout our town. We are dedicated to providing the most up-to-date information and incentives to start, attract and retain businesses that create job opportunities in the community. Our shared approach to economic development provides many resources including funding and development solutions. Whether you are a site developer, an existing business seeking information and assistance, or an entrepreneur looking for new opportunities, we are committed to connecting you to the resources you need to succeed and prosper. I invite you to explore the many advantages this thriving area has to offer, including affordable location, financial incentives, shovel ready sites, available and educated workforce, and outstanding quality of life for residents and businesses alike.Meet the board
About The Projects We Take On
The Agency undertakes projects either on its own behalf or for the benefit of an applicant. Applicant projects may be either “bond” projects (i.e., projects where the Agency grants financial assistance to a project both in the form of state and local tax abatements and in the form of proceeds of Agency debt are expended on the project) (each a “Bond Transaction”) or “straight-lease” projects (i.e., projects where the Agency grants financial assistance to a project in the form of state and local tax abatements only) (each, a “Sale/Leaseback Transaction”). Overall, the Agency has the ability to grant real property tax abatements (PILOT's), NYS sales and use tax exemtpions, and mortgage recording tax exemptionsView our projects