Madison County Industrial Development Agency
About
The Madison County Industrial Development Agency is the county’s economic development arm, based in Canastota. It helps new and expanding businesses grow in Madison County by offering financial assistance, including industrial revenue bonds and Payment in Lieu of Taxes agreements, along with other incentives meant to bring jobs to the county.
The agency says its services are free and confidential. Its staff works with revolving loan fund managers, industrial parks, private property owners, municipal service providers and planning departments to cut through the red tape that can slow down a business relocation decision.
What to Know
- The agency can issue industrial revenue bonds and arrange PILOT agreements for qualifying projects.
- Its services are described as free and confidential.
- It works with industrial parks, property owners, planning departments and loan fund managers.
- Canastota is a village in Madison County, on the Erie Canal.
- It is a member of CenterState CEO and the Greater Oneida Chamber of Commerce.
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