City of Poughkeepsie Industrial Development Agency Financial Assistance
City IDA incentives for eligible Poughkeepsie economic development projects that create jobs and private investment.
About this program
The City of Poughkeepsie Industrial Development Agency provides financial assistance for eligible projects that advance economic development, job creation, redevelopment, and investment in the city. Assistance may include sales and use tax exemptions, mortgage recording tax exemptions, real property tax abatements through payment-in-lieu-of-taxes agreements, and bond financing where applicable. Applicants must demonstrate public benefits and complete agency application, approval, closing, and compliance requirements.
Eligibility
Businesses, developers, nonprofits, and project sponsors with eligible economic development projects in the City of Poughkeepsie that can demonstrate public benefits such as job creation, investment, redevelopment, or tax-base growth.
Requirements
- Propose an eligible project located in the City of Poughkeepsie
- Demonstrate economic development benefits such as job creation, job retention, private investment, redevelopment, or tax-base growth
- Submit the City of Poughkeepsie Industrial Development Agency financial assistance application