Our mission is to cultivate development throughout Madison County, New York, in order to generate and enhance the livelihood of area businesses, industries, communities, and citizens, and enrich the overall quality of life. This is accomplished by facilitating the financing of construction or rehabilitating of facilities and equipping them to expand job opportunities within the area.
The heart of the Agency’s mission is the creation and retention of job opportunities, diversification and strengthening of Madison County's economic base, and developing the local economy in an organized, sustainable and environmentally beneficial manner.
As a public benefit company, we can assist businesses by identifying appropriate properties, introducing businesses to local government and business leaders, and providing financial incentives. Available incentives include taxable and tax-exempt bond financing, elimination of sales tax on material and equipment used for manufacturing, the establishment of payment in lieu of taxes agreements (PILOTs) for the reduction of property taxes, and the elimination of the mortgage recording tax.
Additionally, we oversee the management of two revolving loan funds and a microenterprise grant program. More information about the resources available through the Madison County Center for Economic Development can be found at www.madisoncountyida.com