AIDA (Amsterdam Industrial Development Agency) Programs
The City of Amsterdam Industrial Development Agency's mission is to sustain and enhance the quality of life in the City of Amsterdam through creation and retention of jobs utilizing professional economic development assistance to businesses interested in expanding or locating in Amsterdam, NY.
Outline of AIDA Services
AIDA has assisted companies in the City of Amsterdam with numerous business challenges. We can help with: 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, and competitive loan rates through the Jobs for Amsterdam (JFA) Program.
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.
We do not administer training programs ourselves, AIDA works closely with numerous local agencies and refers businesses to the appropriate agency that can solve their challenges most effectively. Because AIDA has many relationships with area groups and entities we can often be their "ONE STOP" for business assistance in our area.
Building Location Assistance: AIDA has recently assisted a local company that needed more space 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.