Troy Industrial Development Authority Financial Assistance
City IDA tax abatements and incentives for eligible Troy businesses, developers, and economic development projects.
About this program
The Troy Industrial Development Authority offers financial assistance to new and existing businesses and developers through tax abatements and incentive tools that support eligible economic development projects in the City of Troy. Assistance can help qualifying commercial, industrial, mixed-use, redevelopment, and job-creating projects reduce project costs through mechanisms such as sales and use tax exemptions, mortgage recording tax exemptions, and real property tax abatements. Applicants must submit the Troy IDA financial assistance application and complete the authority's public review, approval, closing, and compliance process.
Eligibility
New and existing businesses, developers, property owners, and project sponsors with eligible projects located in the City of Troy that can demonstrate economic development benefits such as job creation, job retention, redevelopment, or tax-base growth.
Requirements
- Propose an eligible project located in the City of Troy
- Demonstrate economic development benefits such as job creation, job retention, private investment, redevelopment, or tax-base growth
- Submit the Troy Industrial Development Authority application for financial assistance