Mount Vernon Industrial Development Agency Financial Assistance
City IDA incentives for eligible Mount Vernon manufacturing, warehousing, distribution, mixed-use, housing, and retail projects.
About this program
The Mount Vernon Industrial Development Agency provides medium- to long-term financial assistance for eligible projects in the City of Mount Vernon that promote economic development, job creation, and revitalization. Authorized assistance may include revenue bonds or notes, sales tax exemptions, mortgage recording tax exemptions, and real property tax abatements for qualifying private or commercial projects. The agency focuses on eligible projects in manufacturing, warehousing and distribution, and mixed-use developments such as housing and retail facilities.
Eligibility
Businesses, developers, property owners, and project sponsors with eligible economic development projects in the City of Mount Vernon that can demonstrate public benefits such as job creation, economic vitality, or redevelopment.
Requirements
- Propose an eligible project located in the City of Mount Vernon
- Fit an eligible project category such as manufacturing, warehousing, distribution, mixed-use development, housing, retail facilities, new construction, or rehabilitation
- Demonstrate economic development benefits such as job creation, investment, or revitalization