About Us

 

Our Mission:  
The Mission of  the City of Yonkers IDA includes undertaking projects and programmatic initiatives in furtherance of and to advance the job opportunities, health, general prosperity and economic welfare of the people of the City of Yonkers and to improve their recreational opportunities, prosperity and standard of  living.  YIDA works to create economic development and job growth throughout the City of Yonkers by attracting new businesses, retaining existing ones and helping them all become more competitive in a global marketplace.


Incentives include:

Mortgage Recording Tax Exemption 

State and Local Sales Tax Exemption

Real Property Tax Abatement Program (PILOT)

Access to Tax-Exempt Bond Financing

 

 

Who can we help?

State law generally restricts YIDA assistance to the following:

Existing  firms wanting to expand or modernize, or which want to hire more workers.

New construction projects involving industrial and commercial space, residential rental space, and affordable housing

Senior housing and senior care facilities.

Firms that are considering relocation out of the area

Health care 

 

 

Is other help available?

The answer is yes. Even if the YIDA cannot provide direct assistance to your business, other Yonkers agencies may be able to help. Our Department of Planning and Development can provide information on other assistance the City can provide. In some cases even if the law restricts YIDA assistance, the City may be able to provide incentives via the use of a Local Development Corporation (LDC).  

 

More Information is available from the following links:

For detailed information on our incentives, please refer to our Uniform Tax Exemption Policy
If you are interested in applying for incentives, our Application for Financial Assistance is available online.
In accordance with the 2005 & 2009 Public Authorities Accountability Act, the IDA has posted its
By-laws, Mission Statement and the following policies: Code of Ethics, Whistle Blower, Investment PolicyProperty Disposition, and the Procurement Policy  as well as the Agendas and Minutes of the IDA meetings on this site.  The YIDA files an annual report to the Office of the New York State Comptroller’s Authority Budget Office. Click here to review our Annual Reports, Budgets and Independent Audits