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About the IDA

The City of Rensselaer Industrial Development Agency is a not-for-profit public benefit agency established by an act of the New York State Legislature under Article 18-A Title 2 Section 903-c of the General Municipal Law. The IDA can help qualified businesses and not-for-profit organizations relocate, expand, and build in the city. Using financing incentives and tax abatement's, we can assist eligible companies cut the cost of acquiring, equipping, and constructing industrial, commercial, manufacturing and civic projects.  The IDA can also assist new and expanding businesses with site selection, permits, approvals and market information.





Mission

The mission of the IDA is to promote economic development and quality of life in the City of Rensselaer by offering financial support to eligible businesses and not-for-profits to locate and expand in the City.

The City of Rensselaer IDA can provide financial assistance in connection with property acquisition, construction and purchasing of equipment. Tools available to the include discretionary mortgage and sales tax exemptions, payments in lieu of taxes (PILOTs), and bonds for the tax exempt financing of business development.  In addition, the IDA is able to assist eligible businesses and not-for-profits with permitting, site selection, market and demographic data.

The IDA programs can make it possible for businesses to thrive in the City of Rensselaer, which grows the City’s tax base, increases job opportunities, and improves the quality of life for all City residents.





Governance

A five member board oversees the activities of the City of Rensselaer Industrial Development Agency.  Pursuant to a Common Council resolution adopted June 21, 1982, the board is comprised of the mayor as chairman, the chairs of the Zoning Board of Appeals and the Planning Commission, and the Common Council minority leader and majority leaders.

 

Chairman: Hon. Daniel J. Dwyer, Mayor

Gene Hilstro, Chairman, Zoning Board of Appeals

Christine Van Vorst, Chairman, Planning Commission

Brian Stall, Common Council Majority Leader

Rich Mooney, Common Council Minority Leader



 

IDA Documents

Bylaws

IDA Budget 2017
IDA Budget 2016

IDA BUDGET 2015

Board meeting minutes

Financial Audits (2010, 2011,2012 & 2013,2013 & 2014, 2014&2015, 2015&2016 )

 

Contact Us

City of Rensselaer Industrial Development Agency


Department of Planning and Development


City Hall


62 Washington Street


Rensselaer, NY 12144


(518) 465-1693


IDA@rensselaerny.gov