The purpose of the Madison County Industrial Development Agency (IDA) is to assist companies by being a catalyst for economic development in the towns and villages of Madison County, and the City of Oneida.  We accomplish this through facilitating the financing aspect of constructing or rehabilitation of facilities and equipping them to expand business opportunities in our communities.  The growth of our existing business base or the recruitment of new businesses to our area will advance job opportunities and add to the tax base for the county. 

As a public benefit company, we can assist businesses by providing financial incentives such as, taxable and tax-exempt bond financing, elimination of sales tax on material and equipment used for manufacturing, the establishment of payment in lieu of taxes agreements (PILOT's) for the reduction of property taxes, and the elimination of the mortgage recording tax.  The IDA can undertake the following types of projects: manufacturing, warehousing, research, commercial, industrial, industrial pollution control facility, recreation facility, horse racing facility, educational or cultural facility, continuing care retirement community, railroad facility, and civic facility.   

Please feel free to browse the following web site, and call or email if we can assist you or provide answers to any of your questions or concerns.  We can be reached at 315-697-9817 or at director@madisoncountyida.com.  Our consultation is free and confidential.