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What's important to you?

IDA's have a wide range of influences in your local community. Which focus area is most important to you?

Creating/saving local jobs for local workers

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Investing in our local communities

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Growing the local tax base

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Helping local businesses grow

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Supporting the next generation of workers

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Ontario County IDA

Great Opportunities Grow in Ontario County

With its technology-led strategy and strong emphasis on best practices, the Ontario County Industrial Development Agency is on the forefront of economic development.

The Ontario County IDA partners with businesses to expand, create jobs and invest in the local community. IDA staff members are always available and accessible to answer any questions and respond to any economic development need.

The IDA is also one of the few economic-development organizations in the country with a “Chief Technology Officer” at the table. In fact, a fiber optic ring, currently under construction, sets the region apart from just about any community in the country. The fiber optic ring will allow more entrepreneurs and start-ups to set up shop right here in Ontario County and still conduct business around the globe.

More than ever, growing high-tech companies need to know that the local IDA speaks their language, knows their business and understands their needs — not only for today, but for tomorrow and beyond. The Ontario County IDA is here to help.

 

Top industries

  • Information technology
  • Agri-business
  • Glass manufacturing
  • Alternative energy

 

A success story

Eagle Mountain has nearly 30 years of experience integrating alternative energy sources into houses and small commercial buildings. Its line of engineered green heating, cooling and hot water solutions offer environmentally sound, cost-efficient, affordable alternatives to conventional HVAC techniques.

Project:
Eagle Mountain is building a 20,000-square-foot facility on 100 acres in Bristol Valley, in Bristol, NY, across the street from Eagle Mountain’s headquarters. The energy-efficient, energy-generating facility will use 65 percent less energy than a traditional building of its size.

Eagle Mountain plans to add 15 employees to its current 20 when the new building opens. Some workers will stay in the original building, running a separate business that installs Eagle Mountain’s energy systems. The design and manufacture of these systems will move into the new building. Plus, there is room to expand—including classrooms the company will use to educate the public on what it means to be energy efficient.

Incentives:
The Ontario County IDA provided consultative support and a payment in lieu of tax agreement. Ontario County’s Revolving Loan Fund provided low-cost financing assistance as part of its incentive package to help Eagle Mountain build and equip its new facility.

  • No sales tax on construction materials or equipment
  • No property tax on the new building for the first five years
  • Partial property tax reductions for the next four years
  • No mortgage recording tax
  • 4-point interest rate reduction through a state program for 10 years

Outcome:

  • Retained 20 jobs
  • Will create 15 jobs
  • Invested $1.6 million
     

 

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What's your IDA doing?

Through fiscal year 2007, active Ontario County IDA projects:

  • Invested $342.3 million
  • Created and retained 6,224 jobs