New Rochelle Industrial Development Agency Financial Assistance
NRIDA incentives for eligible New Rochelle projects that create jobs, investment, and economic development benefits.
About this program
The New Rochelle Industrial Development Agency provides financial assistance to eligible projects in New Rochelle that support economic development, job creation, redevelopment, and private investment. 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 the agency's application, review, approval, and compliance process.
Eligibility
Businesses, developers, nonprofits, and project sponsors with eligible New Rochelle projects that can demonstrate public benefits such as job creation, job retention, redevelopment, or increased investment.
Requirements
- Propose an eligible project located in New Rochelle
- Demonstrate economic development benefits such as job creation, job retention, investment, or redevelopment
- Submit the New Rochelle Industrial Development Agency application for financial assistance