Yonkers Industrial Development Agency Financial Assistance
Yonkers IDA incentives for eligible business, commercial, industrial, and mixed-use projects that create jobs and expand the city tax base.
About this program
The Yonkers Industrial Development Agency provides financial assistance to qualifying projects in the City of Yonkers that advance economic development, job creation, redevelopment, and tax-base growth. Assistance may include sales and use tax exemptions on eligible project purchases, mortgage recording tax exemptions, and real property tax abatements through payment-in-lieu-of-taxes agreements. Eligible applicants generally include companies, developers, and project sponsors undertaking qualifying commercial, industrial, mixed-use, or other economic development projects in Yonkers.
Eligibility
Businesses, developers, nonprofits, and other project sponsors with eligible economic development projects located in the City of Yonkers that can demonstrate public benefits such as job creation, retention, redevelopment, or tax-base growth.
Requirements
- Propose an eligible project located in the City of Yonkers
- Demonstrate economic development benefits such as job creation, job retention, redevelopment, or tax-base growth
- Complete the Yonkers Industrial Development Agency application