IDA – City of Poughkeepsie Industrial Development Agency

News & Announcements

Industrial Development Agency Meeting – October 10, 2018

PLEASE TAKE NOTICE that the Industrial Development Agency of the City of Poughkeepsie, will meet on Wednesday, October 10, 2018 at 6:30 p.m., in the Common Council Chambers, Third Floor, City Hall/Municipal Building, 62 Civic Center Plaza, Poughkeepsie, New York.

Industrial Development Agency Meeting – September 28, 2018

NOTICE OF RESCHEDULED SPECIAL MEETING UNDER THE OPEN MEETINGS LAW FOR CITY OF POUGHKEEPSIE INDUSTRIAL DEVELOPMENT AGENCY NOTICE IS HEREBY GIVEN, that the special meeting of the City of Poughkeepsie Industrial Development Agency (the “Agency”), originally scheduled to be held on Thursday, September 27, 2018, at 6:30p.m. at Common Council
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Industrial Development Agency Meeting – September 12, 2018

NOTICE IS HEREBY GIVEN, that the City of Poughkeepsie Industrial Development Agency (the “Agency”) will hold a scheduled meeting on Wednesday, September 12, 2018, at 6:30 p.m. at Common Council Chambers, Poughkeepsie City Hall, 62 Civic Center Plaza, 3rd Floor, Poughkeepsie, New York 12601, during which the Agency Board will,
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Mission Statement

The City of Poughkeepsie Industrial Development Agency exists to promote the economic and social advancement of the city through inclusionary & equitable development strategies that ensure
participation by and a benefit to the diverse body of residents and businesses within the city by providing incentives encouraging regenerative business and entrepreneurial investment that create
and diversify job and apprenticeship opportunities, improve and strengthen our tax base, thereby reducing the tax burden on homeowners, and increasing the overall health & vitality of our
community.

IDA Application Materials

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IDA Application

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IDA Fee Schedule

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Enabling Legislation:

The City of Poughkeepsie Industrial Development Agency was formed under Article 18 A of the NYS General Municipal Law as a public benefit corporation. It can provide financial assistance consistent with the aforementioned law. It is subject to compliance with the Public Authorities Accountability Act of 2005 and Public Authorities Reform Act of 2009.

Stakeholders:

  • City Residents
  • City Council & Government
  • City of Poughkeepsie Business Community

Performance Goals and Measures:

GOAL #1: PROMOTE EQUITABLE & REGENERATIVE INVESTMENT FOR DEVELOPMENT, JOB CREATION AND RETENTION

Measures:

  • Support attraction of business, business retention, and job generation in collaboration with local and county economic development organizations – respond to leads and to existing businesses to determine eligibility for IDA financing and other business assistance, make referrals, and support/facilitate local and regional economic development initiatives.
  • Further development in priority areas as defined in the Uniform Tax Exempt Policy.
  • Induce and execute eligible projects that generate investment, stabilize impacted census tracts, encourage community engagement, and create & retain job/apprenticeship opportunities.

GOAL #2: UNDERTAKE COMPLIANCE REQUIREMENTS

  • Hold at least two (2) Governance and Audit Committee meetings a year.
  • Annually review and re-adopt policies and operations.
  • Monitor economic data.
  • Conduct open meetings.
  • Complete an annual independent audit.
  • Monitor projects.
  • Complete PARIS reporting.
  • Maintain and update IDA website.
  • Manage projects and agency in conformance with all applicable state laws and regulations.

Additional Questions:

Have the board members acknowledged that they have read and understood the mission of the public authority?

Yes.

Who has the power to appoint the management of the public authority?

The members of the agency approve appointment following full board interview and review of the applicant’s experience by the Governance Committee.

If the Board appoints management, do you have a policy you follow when appointing the management of the public authority?

Yes, the Agency’s by-laws as amended establishes responsibilities and experience required for its management positions.

Briefly describe the role of the Board and the role of management in the implementation of the mission.

The Board creates policy, establishes best practices, and directs the management of the agency with advice from Counsels. It directs agency goals and monitors achievements/completion of tasks. Management implements policy and is responsible for the day-to-day operations of the agency in compliance with state laws, regulations, and best practices.

Has the Board acknowledged that they have read and understand the responses of each of these questions?

Yes.