Our Mission

 

 

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.

 

 

Who We Are

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 and assist private sector industrial / business development thereby advancing job opportunities and economic well-being to the people of Erie County.  The State of New York sanctioned the ECIDA to offer tax incentives, or tax discounts and exemptions, to qualified businesses who invest in the community 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.

 

What We Do

The ECIDA's mission is to help Erie County maintain a competitive and profitable economic environment for the residents, workers and business owners of Erie County. The services we provide include:

  • Sales tax savings, mortgage recording tax and property tax savings as incentives for private investment
  • Facility/Brownfield Development
  • Business Loans
  • Referrals and Resources
  • Tax Exempt Bond Financing for nonprofits

Our key personnel are experienced and focused on your business to ensure that you have the financial support and guidance to grow and prosper in Erie County.  Our expert Business Development Team can provide:

  • Confidentiality of all proprietary information
  • Coordination with other government agencies
  • Guidance during the entire application and approval process

In addition, ECIDA also enters into cooperative agreements with the County of Erie, the cities and towns of Erie County, and other economic development agencies including the State of New York, traditional lending institutions, Small Business Administration (SBA) and the Economic Development Administration (EDA).

For answers to any questions please call 716-856-6525 and ask to speak to a member of our Business Development Team, or email us here.

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