Erie County Industrial Development Agency

The Economic Development Corporatioin For Erie County

716-856-6525 Company Website

The mission of the Erie County IDA is to provide the resources that encourage investment, innovation, growth and global competitiveness - creating a successful business climate that improves the quality of life for the residents of the region.

Who We Are
The Erie County Industrial Development Agency (ECIDA), is a public benefit corporation created in 1970 by an act of the New York State Legislature to promote and assist private sector industrial / business development thereby advancing job opportunities and economic well-being to the people of Erie County. The ECIDA does not receive any direct funding for its operations from any local, state or federal sources. Instead, the cost of operating the IDA is paid primarily by those businesses that benefit from the economic development services they receive.

What We Do
ECIDA is in business to grow business in Erie County by helping business be competitive and profitable. We can deliver

Business Incentives, Tax Exemptions, Bonds
Facility / Brownfield Development
Financial Assistance, Loans, Venture Capital
International Trade Assistance
Referrals and Resources
Transportation, Infrastructure Financing
Our key personnel are responsive and focused on your business to ensure that you have the financial support to grow and prosper in Erie County. We offer

Tax exemptions, leases and tax abatements approved within 60 days of application
Confidentiality of all proprietary information
Coordination with other government agencies
Loans approved in an average of 30 days
Assistance with projects from $5,000 to $500 million
In addition, ECIDA also enters into cooperative agreements with the County of Erie, the cities and towns of Erie County, and other economic development agencies including the State of New York, Export-Import Bank of the United States (Ex-Im), Small Business Administration (SBA) and the Economic Development Administration (EDA).

ECIDA offers many diversified products for Western New York businesses ranging from financing and development to training and not-for-profit assistance.

Financial Lending Services
In partnership with private lenders, ECIDA helps businesses get the low-cost funding they need to expand.

Tax Incentives
ECIDA has incentive programs that reduce taxes and improve the bottom line reducing expansion costs up to 15% for eligible targeted companies.

International Programs
ECIDA has the products, professional contacts and expertise to reduce risk for any Western New York company doing business overseas.

Development Services
ECIDA provides professional, financial and technical expertise for site, transportation logistics and infrastructure development.

Adaptive Reuse Strategy
ECIDA, on December 8, 2008 adopted a new policy called "Adaptive Reuse Strategy." This policy allows the ECIDA to offer tax incentives for rehabilitating buildings that have been empty for three years or more and are at least 20 years old.
716-856-6525 | Website
143 Genesee Street
Buffalo, NY 14203, Erie County
Buffalo NY WNY Region
Year Founded: 1970
143 Genesee Street Buffalo, NY 14203
Erie County, Buffalo NY WNY Region
Show Map