A.I.D.A. - Amsterdam Industrial Development Agency
- About AIDA
- AIDA Programs
- Development Locations
- Staff Board
- Documents
- Useful Links
About the Amsterdam Industrial Development Agency
The Amsterdam Industrial Development Agency or AIDA was created in 1973 as a Public Benefit Corporation for the purpose of assisting in the creation and retention of both employment opportunities and businesses in the City of Amsterdam.
A.I.D.A includes a seven member Board of Director's, this board is appointed by the City Common Council to oversee the Agency's operations. Board members include members of the business community and local residents.
Some of the services provided by AIDA include:
- Site or Building location assistance
- Competitive lease rates
- Property Tax Abatements through Payment in Lieu of Taxes (PILOT) programs
- Bonding
- Access to Job Training Programs & Employee Referral Assistance
- Competitive loan rates through the Jobs for Amsterdam (JFA) Program
For Questions or Concerns Please Contact AIDA:
- AIDA Executive Director, Frank Valiante
- Hours: Monday - Friday 8:00 A.M. - 4:00 P.M.
- Phone: (518) 842-5011
- email: fvaliante@amsterdamida.com
AIDA Programs
Outline of Services AIDA provides:
- Site or Building location assistance
- Competitive lease rates
- Property Tax Abatements through Payment in Lieu of Taxes (PILOT) programs.
- Bonding
- Access to New York State Empire Zone benefits
- Access to Job Training Programs & Employee Referral Assistance
- Competitive loan rates through the Jobs for Amsterdam (JFA) Program.
AIDA has assisted companies in finding appropriate space for their business in the past, for example we recently helped a company that needed some more space recently for a process that they did not have room for in their existing facility. AIDA went to several building owners in the area and was able to make a connection for them. They are now leasing space in a building in the City of Amsterdam that we were able to help them obtain.
Bonding is done with the help of our Bond Counsel, a law firm located in Albany, NY. We as an IDA have the power to obtain bonds.
AIDA also employs a grant writer as well. That is not to say that AIDA will be able to give prospective businesses grants but we might be able to seek grants that can help them either start their business or to expand for the future.
Regarding training programs, we do not administer them ourselves but we are able to refer to other places that provide them like the Workforce Solutions Center that we work closely with. AIDA has many relationships with area groups and entities and can be their "ONE STOP" to look for assistance in our area.
AIDA works with a number of other agencies including the New York State Empire Zone, the Montgomery County Chamber of Commerce and the Montgomery County Industrial Development Agency. We do not do any of the paperwork for these organizations, or provide their services, but merely work together with them in an effort to promote the entire area with an emphasis on Amsterdam and any services that they have that would benefit the parties we are working with.
Development Locations
The Edson Street Industrial Park is located at the very edge of the City of Amsterdam in one of the City’s Empire Zones. It has easy access to Routes 5, 67 and 30 and is quick and easy drive to the New York State Thruway.
Current occupants of the Park include Universal Custom Millwork, Losurdo Foods, Rayco of Schenectady, AGT Services, Breton Industries, Washburns Ice Cream/Refrigerated Lines, Mohawk Signs, Bush Carpentry & Millwork and Northeast Riggers. We are at the western gateway to New York’s Tech Valley, and close to the Capital District and the Albany International Airport. The area is served Amtrak and CSX. We are adjacent to all major markets in the Northeastern United States and Southeastern Canada.
Locations in the park come with municipal water & sewer, and electric service is on site and available. Police and fire protection is provided by a professional fire department and police department located within minutes of the park. The park is is also served by the Montgomery County Sheriff's Department as well as the New York State Police. All of the roads in the park are maintained by the City of Amsterdam's Department of Public Works.
- Land available for development
- Municipal water and sewer
- Professional Police and Fire service
- Rail service & city maintained roads
- Gas & Electric service on site
- Municipally maintained streets in and around the Park
Some of the current occupants in the Park include Universal Custom Millwork, Losurdo's Foods, Rayco of Schenectady, AGT Services, Breton Industries, Washburns Ice Cream/Refrigerated Lines, Freedom Packaging, Mohawk Signs, Bush Carpentry & Millwork and Northeast Riggers.
Future Mohasco Technology Campus
Located in the heart of the city of Amsterdam, the Mohasco Technology Campus is a truly unique park like setting of 10+ acres with a stream running through it. The campus is located in the Amsterdam Florida Glen Empire Zone and is only 27 miles west of the Luther Forest Technology Campus.
- Unique site with land available for development
- Municipal water and sewer
- Professional Police and Fire service
- Rail service & city maintained roads
- Gas & Electric service on site
- Municipally maintained streets in and around the Park
Staff Board
A seven member Board of Director's is appointed by the City Common Council to oversee the Agency's operations.
Staff
- Frank Valiante - Executive Director: fvaliante@amsterdamida.com
- Sandy Yutes-Administrative Assistant: syutes@amsterdamida.com
Board
- Daniel DeRossi – Chairman: dderossi@amsterdamida.com
- Ronald Barone – Vice Chairman: rbarone@amsterdamida.com
- Michael Rossi – Treasurer: mrossi@amsterdamida.com
- Patrick Baia – Secretary: pbaia@amsterdamida.com
- Michael LaCoppola – Member: mlacoppola@amsterdamida.com
- Kevin Phelps – Member: kphelps@amsterdamida.com
- Robert Quick – Member: rquick@amsterdamida.com
Documents
Below are copies of the financial documents of AIDA as well as other documentation that we feel are important. The information is provided in an effort to make our financial records more transparent and accessible to the public.
The above documents are in the Adobe Acrobat file format and require the FREE Adobe Acrobat Reader in order to open and view them. Please be patient as some of the files are large in size and may require some time to download.