Amherst Industrial Development Agency (AIDA) is a dedicated government organization committed to promoting economic development within the Town of Amherst, New York. As a public benefit corporation, AIDA works to attract and retain businesses by offering financial incentives and support services that encourage job creation, capital investment, and long-term growth. The agency collaborates closely with local businesses, developers, and community leaders to foster a vibrant and sustainable economic environment. AIDA specializes in tax-exempt and taxable bond financing, real property tax abatements, and sales tax exemptions for eligible commercial and industrial projects. Its mission is to drive progress while balancing the needs of the community with responsible development. AIDA also supports strategic revitalization initiatives, including infrastructure improvement and adaptive reuse of properties. With a strong focus on innovation and regional partnerships, the agency plays a key role in shaping the economic future of the region. Known for its transparency and community engagement, AIDA continuously seeks new ways to spur meaningful economic activity across long-standing and emerging sectors.

Key Services:

– Financial incentive programs for business expansion and relocation
– Real property tax abatements and PILOT (Payment in Lieu of Taxes) agreements
– Sales and use tax exemptions for qualifying development projects
– Mortgage recording tax exemptions
– Bond financing for manufacturing, nonprofit, and civic facility projects
– Assistance with site selection and redevelopment
– Coordination with local, state, and regional economic development partners
– Support for infrastructure improvement and revitalization projects