What is an IDA?

New York State established Industrial Development Agencies (IDAs) in 1969. The City of Poughkeepsie Industrial Development Agency is a public benefit corporation of the State of New York, which was created pursuant to Article 18-A, Title 2 Municipal Law of the State of New York.

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1. What is an IDA?
2. What is the purpose of an IDA?
3. What are the benefits an IDA provides to applicants?
4. Who can apply for IDA benefits?
5. What is the cost of IDA involvement?
6. What is the process to apply for IDA benefits?
7. How are Board members selected?