Make the Most of Your Investment
Tax Management
Qualified Onondaga County Industrial Development Agency (OCIDA) projects are eligible for sales, mortgage and real property tax exemptions. OCIDA offers property tax abatement through PILOT Agreements to companies that are expanding in Onondaga County. OCIDA offers sales tax abatement for the purchase of machinery, materials, equipment, site work and other capital expenditures to companies that are committed to expansion in Onondaga County.
Financing
OCIDA may assist project financing by issuing taxable and tax-exempt bonds and by providing information on complementary financing such as fixed-asset and working-capital lending programs.