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Concord NY IDA - How The IDA Works
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The Town of Concord Industrial Development Agency can offer a variety of programs to assist companys in expanding in the Town of Concord.
These programs are available whether an existing company already in the Town of Concord is looking to expand in the Town of Concord or a new company is moving into the Town of Concord.
These programs can assist you in the purchase and improvement of land, the construction of new facilities, the acquisition and renovation of existing buildings and the acquisition and installation or machinery and equipment, furnishings and fixtures.
The underlying basis for the assistance by the Town of Concord Industrial Development Agency is that projects undertaken by the Agency are exempt from real property taxes, sales taxes, mortgage recording taxes, state income taxes and, in the case of eligible manufacturing projects, federal income taxes.
The programs are designed to provide these advantages. The Agency does not provide funding to applicants.
In order to provide the advantages set forth, it is necessary for the Agency to technically take title to the project
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