County of Lewis
Industrial Development Agency

Local Incentives

Contact the LCIDA for business assistance (315)376-3014
Windmill Farm
This wind farm, called Maple Ridge, is the
largest alternative-energy project east of the Mississippi,

7.75% Sales Tax Exemption
 Real Property Tax Abatement Sales/Lease
Mortgage Rec. Tax Exemption Lower Interest Rates IDA Application


IDA- Assisted Transaction - Under this vehicle a Qualified Project will transfer title to the IDA for a time period consistent with the financial assistance provided.   The IDA will then leases the property or sells the property back under an installment sale agreement.  The Fee for this assistance is 1.0% of the first $10 Million, 0.50% of the next $10 Million, 0.375% of the next $40 Million and 0.25% of any remaining Project costs.
  • Lower Interest Rates for Debt Incurred - (2 – 3% lower than the conventional cost of borrowing).   Taxable or tax exempt bonds cans be issued for qualified companies, subject to the limitations imposed by the Internal Revenue Code.  This also gives them access to the public financial markets (i.e. GE Credit, Mutual Funds, & Investment Houses).  Linked-Deposit loans are also available.
  • Real Property Tax Abatements - Payment in Lieu of Tax (PILOT) Agreements can exempt a qualified company from normal real property taxes, including school taxes.  The PILOT will usually require the applicant to pay a portion of what it would normally pay in real property taxes, especially in the earlier years of the project.  This can act as a safety net for real property tax credits in case the company no longer qualified for those credits.
  • Sales & Use Tax Exemption - The Sales & Use Tax in Lewis County is 7.75%.  A qualified company can purchase the equipment, materials & services needed to acquire, construct, reconstruct &/or equip the project without having to pay sales & use taxes.  The Fee for this assistance is generally 10% of the Project savings.
  •   Mortgage Recording Tax Exemption  - In New York State, mortgagor must pay a  1.00% mortgage recording tax – a significant expense.  A qualifying company can receive this benefit.  The Fee for this assistance is generally 10% of the Project savings.
Please contact the Lewis County Industrial Development Agency, PO Box 106, Lowville, N.Y. 13367 (315) 376- 3014) for a complete summary on doing business in our county. If you like, this information can include detailed information about your specific type of business and a custom designed incentive program.         

Note: In order to obtain the above incentives the company must complete an application and be qualified.  Qualifying depends on job creation, company location, company type and regulatory requirements.  The application fee is $250.00. The above is subject to change.
County of Lewis Industrial Development Agency (LCIDA),
 P.O. Box 106, 7642 N. State St., Lowville, NY 13367  (315) 376-3014 lcida@lcida.org  
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