Government

Industrial Development Agency

The Industrial Development Agency is a public authority established by Chapter 577 of the Laws of the State of New York in 1982.

Mission Statement

The Newburgh Industrial Development Agency is a state regulated local public authority whose mission is to assist in the development and financing of economic development and community revitalization projects in the City of Newburgh that promote job creation, industrial development, and commercial development that improves the quality of life of its citizens.  The IDA will measure the impact of its work through:

• The number and quality of businesses retained and attracted to the City of Newburgh through the IDA’s activities;
• The number of jobs it helps create;
• The direct and indirect economic impact of its programming on the city’s overall economic well-being and other quality of life indicators; and
• The reduction of blight and abandonment through the promotion of infill development consistent with smart growth principles and the City of Newburgh’s master plan as promoted through the IDA’s activities.

The IDA’s activities will advance the city’s overall economic development by working closely with key stakeholders in the private, nonprofit and public sector; providing tax and other fiscal incentives for businesses in the City of Newburgh; and improving the quality and quantity of jobs available for residents in the City of Newburgh.