Who can apply for IDA benefits?

A person or entity (an "applicant’) that intends to undertake a project may submit an application on the Agency’s uniform application form. The applicant need not own or lease the property on which the project is to be located at the time of the making of an application but must own or lease such property at or prior to the time any such financial assistance is actually provided. The project for which financial assistance may be sought must comply with the requirements applicable to industrial development agencies under New York State law. The applicant must be able to demonstrate to the Agency’s satisfaction either that the project is not likely to be undertaken without the requested financial assistance (the so-called "but for" test) or, alternatively, explain in writing why financial assistance should nevertheless be provided by the Agency. The grant, denial and/or conditioning of any financial assistance by the Agency is entirely within its discretion. The types of applicants and projects disqualified for receiving IDA tax exemptions can be found in the Agency’s Uniform Tax Exemption Policy (UTEP) on the IDA page on the City of Poughkeepsie website.

Show All Answers

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?