IDA Financial Assistance
The Schuyler County Industrial Development Agency (IDA) uses a structured process to review and approve projects seeking IDA financial assistance. Applicants are encouraged to begin with an early conversation before submitting a full application.
1
Start with a Pre-Application Conversation
Before submitting an application, businesses are strongly encouraged to contact the IDA CEO to confirm:
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Whether the project meets eligibility requirements under NYS General Municipal Law
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What information and documentation will be required
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The expected process timeline and anticipated fees
2
Submit a Complete Application Package
Applications must be submitted at least 10 business days before the next formal IDA meeting, along with all required supporting documents and the $500 non-refundable application fee.
3
Key Approval Steps
Projects typically move through these stages:
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Inducement Resolution (initial determination of eligibility)
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Public Hearing (community comment period in the affected municipality)
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Authorizing Resolution (final approval of incentives)
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Project Closing (legal documentation and settlement of fees/payments)
Questions?
For more information, contact:
Judy McKinney Cherry, CEcD
607-535-4341