What are the benefits an IDA provides to applicants?

An applicant’s project(s) may qualify for sales and use tax exemption, mortgage recording tax exemption, and/or real property tax abatement in the form of a Payment In Lieu of Taxes (PILOT).

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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?