By your side every step of the way
Whether you are an existing firm interested in expansion or relocation, or a new firm interested in starting a business in Herkimer County, the Herkimer County Industrial Development Agency can assist qualified projects in accessing financing through a variety of local, state, and federal programs.
HCIDA Straight Lease Program
In certain instances, the HCIDA can assist a company by holding nominal title to property through its Straight Lease Program. This offers the company exemption from sales and mortgage recording taxes, as well as reduced real property taxes.
HCIDA Industrial Revenue Bonds (IRBs)
Tax exempt industrial revenue bond financing is available to manufacturing firms and 501c3 not-for-profits through the Herkimer County Industrial Development Agency. These bonds encourage lenders to provide project financing at interest rates substantially below market. IRBs can be used to finance the cost of land, buildings, machinery, and equipment.
Submit Your Questions
You will find all HCIDA application documents and further information by clicking the “HCIDA DOCUMENTS” page. Please contact the HCIDA with any questions or for further information at (315) 866-3000.