Mission
The mission of the Onondaga County Industrial Development Agency (OCIDA) is to stimulate economic development, growth, and general prosperity for the people of Onondaga County by using available incentives, rights, and powers in an efficient and cooperative manner.
Tax Management
Qualified OCIDA projects are eligible for sales & use tax, mortgage recording tax, and real property tax abatements.
OCIDA offers property tax abatement through Payment In Lieu of Tax (PILOT) agreements to companies expanding in Onondaga County.
OCIDA offers sales & use tax abatement for the purchase of machinery, materials, equipment, site work, and other taxable goods & services to companies looking to expand in Onondaga County.
Financing
OCIDA can assist with project financing by issuing taxable and tax exempt bonds.