Who We Are
The Erie County Industrial Development Agency (ECIDA), as a public benefit corporation created in 1970 by act of the New York State Legislature to promote and assist private sector industrial / business development thereby advancing job opportunities and economic welfare to the people of Erie County, is the economic development corporation for Erie County. ECIDA is self-funded; 90% of our budget comes from fees.
What We Do
ECIDA is in business to grow business in Erie County by helping business be competitive and profitable. We can deliver
- Financial Assistance, Loans, Venture Capital
- Work Force Development, Training
- Business Incentives, Tax Exemptions, Bonds
- Transportation, Infrastructure Financing
- International Trade Assistance
- Referrals and Resources
- Facility / Brownfield Development
Our key personnel, who are bottom line driven, possess an entrepreneurial, can-do attitude with the resolve to close deals and complete projects quickly; and have a commitment to responsiveness and service. We deliver
- Loans approved in an average of 30 days
- Projects from $5,000 to $500 million
- Approve bond financing, leases and tax abatements within 60 days of application
- Coordination with other government agencies
- Confidentiality of all proprietary information
In addition, ECIDA also enters into cooperative agreements with the County of Erie, the cities and towns of Erie County, and other economic development agencies including the State of New York, Export-Import Bank of the United States (Ex-Im), Small Business Administration (SBA) and the Economic Development Administration (EDA). Click here for links to these and other related sites that may be of assistance.