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A VALUABLE
RESOURCE FOR
BUSINESS
hether you’re looking to relocate to
Westchester County or want to expand
your business, the
Westchester
County Industrial
Development Agency
(IDA) is here to help you
with a variety of incentives.
Eileen Mildenberger, Executive Director
of the Westchester IDA
, explains how her office
can assist companies doing business in Westchester.
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Westchester IDA offer?
A: The Westchester IDA does not provide loans or grants like the Small Business
Administration and other Federal and State programs. The IDA offers financial
assistance by providing companies a break or exemption from having to pay sales tax
on certain qualified purchases.
Q: Can you give an example of how this works?
A: Let’s say you’re a company doing a major renovation of existing space or
fit-out of new space. Your company may qualify for a sales tax exemption - typically
7.375% - for the furniture, fit-out, and equipment at that location. If your company
is spending $200,000 on items such as desks, computers, software, telephone systems
and furniture, you do not have to pay sales tax on those items. That’s a savings of
nearly $15,000.
Q: How does a company qualify for assistance? Is it based on
number of employees or the size of the project?
A: The assistance is based more on the amount of money spent on the capital budget,
than by the number of employees. We encourage any company who is undertaking a
renovation or fit-out of its facility to call our office.
Q: How else can the IDA help businesses grow?
A: We can direct your business to a wide range of resources and programs available
on the county, state and federal level. We will work with your company to design a
financial assistance program that best meet your needs.
For more information about the Westchester County IDA, call Eileen Mildenberger
at 914-995-2926 or visit
Community Capital Resources:
Small
Business Administration microlender with
technical assistance programs such as business
plan writing, accounting, web site design and
more.
New York Business Development
Corporation:
Privately owned financial
organization funded by banks to provide long-
term small business financing.
New York State Small Business
Development Center (SBDC):
Expert
management and technical assistance for start-
ups and existing small businesses.
Procurement Technical Assistance
Center (PTAC):
Helps businesses market
and bid services and products to federal, state
and local governments.
SCORE:
Free professional guidance and
information for Westchester’s existing and
emerging small businesses.
Small Business Administration
(SBA):
Customer-oriented programs,
including management assistance, business
planning, access to federal contracts and more.
Westchester Export Assistance
Center:
Support for small to medium-sized
companies developing international markets.
Westchester Minority- and Women-
Owned Business (MWOB) Program:
Assistance with finding new opportunities to
conduct business with various Westchester
departments. Contact Donna Proft at
914-995-3962.
Westchester Workforce Investment
Board (WIB):
Connects businesses to
employees with a One-Stop Employment
Center, and offers training and hiring grant
opportunities.
Women’s Enterprise Development
Center (WEDC):
Entrepreneurial training
programs and support services for start-ups
and established women business owners in
Westchester, including access to microenterprise
funding.
Resource Guide
for Small to
Mid-Sized
Businesses
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