Essex County IDA

What Essex County IDA does

Essex County Industrial Development Agency (ECIDA) is a public-benefit Industrial Development Agency and political subdivision of Essex County, New York, established in 2013 to promote community and economic development within the county. The IDA operates as a single point of contact for businesses seeking capital, real-estate, and regulatory support, offering four core financing products: a Revolving Business Loan Program (minimum $10,000), a USDA Rural Development Community Loan Program for small businesses (50 or fewer employees, under $1M projected revenue), an industrial revenue Bond Program for financially strong companies undertaking large capital projects, and Tax Abatement Programs under New York General Municipal Law Section 874 (including straight-lease-back and 485-B exemptions on real property, sales, and mortgage taxes). The agency also provides non-financial development services covering site selection, workforce recruiting and training, permit navigation, utility introductions, and introductions to local business networks.

The IDA owns and operates two pre-permitted, shovel-ready industrial parks within the 6-million-acre Adirondack Park: Chesterfield Commerce Park (100 acres, 3 miles from I-87) and Moriah Business Park (70 acres after a 2021 expansion of 38 adjoining acres), both equipped with municipal water, sewer, high-speed internet, fiber optics, and 3-phase power. Its active project portfolio spans manufacturing (Pre-Tech Plastics, International Paper), healthcare (Hudson Headwaters Health Network, Adirondack Medical Center), food and beverage (Whistlepig Rye Whiskey, Paradox Brewery, Champlain Valley Milling), hospitality (Trailhead Resort, Saranac Lake Resort, Hotel Westport), energy infrastructure (Champlain Hudson Power Express), and real-estate development (Regan Development, The Peaks at Lake Placid, ADK Gateway Project, 89 Greenwood Apartments). A subsidiary entity, the Essex County Capital Resource Corporation (ECCRC), operates as a charitable-purpose arm that can issue bonds for not-for-profit projects (e.g., North Country School, Northwood School).

Revenue mechanics rely on bond issuance fees, PILOT-tax payment sharing agreements, and interest/principal repayment on revolving loan fund balances, with no commercial product pricing. The go-to-market is direct, relationship-based enterprise economic development — staff serve as a single point of contact across multiple funding sources and partner with regional organizations including Empire State Development, USDA Rural Development, NCREDC, DANC, and the North Country Small Business Development Center. The organization is governed by a Board of Directors appointed by the Essex County Board of Supervisors. As a public entity, Essex County IDA does not have shareholders, traditional funding rounds, or a commercial P&L; financials are not publicly disclosed.

Name

Essex County IDA

Legal name

Essex County Industrial Development Agency

Website

https://essexcountyida.com

Company type

Private

Founded year

2013

Operating status

Operating

Short description

Essex County IDA (ECIDA) is a New York State public economic development agency issuing loans, industrial revenue bonds, and tax abatements to attract and grow businesses across Essex County's Adirondack region, while operating two shovel-ready industrial parks.

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

Administration of Urban Planning and Community and Rural Development (92512)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

Economic Development & Business Licensing (Local) (BPAIACAN)

akta.pro secondary industries

SBA/Government-Backed & Development Finance Loans (FSAKAGAI), Government-Backed CRE Lending (FHA/HUD/USDA) (FSALADAE)

Keywords

• Economic development financing
• Industrial revenue bonds
• Business loan programs
• Tax abatement incentives
• Shovel-ready industrial sites

Headquarters

HQ city

Elizabethtown

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Loan Programs: The IDA issues loans through revolving loan programs and USDA Rural Development Community Loan Programs. These provide financing to businesses that cannot obtain full conventional bank financing.
2. Bond Program: Issues industrial revenue bonds (tax exempt or taxable) to finance acquisition, construction, or reconstruction of manufacturing, warehousing, research, commercial, industrial, and pollution control projects for companies with strong financial positions.
3. Tax Abatement Programs: Provides real property, sales, and mortgage tax abatements by obtaining passive interest in property titles of economic development projects under General Municipal Law Section S874.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Essex County IDA provides financing programs (revolving business loans starting at $10,000, USDA Rural Development Community Loans, and industrial revenue bonds), tax abatement programs (real property, sales, and mortgage tax exemptions), and managed industrial park sites (Chesterfield Commerce Park and Moriah Business Park) to businesses in Essex County, New York. It also delivers business development services including site selection, workforce recruiting, permit navigation, and introductions to local business leaders and utility providers.

Product overview

Essex County IDA operates as an economic development agency offering a suite of financing programs and business development services. The core offerings include the Revolving Business Loan Program (minimum $10,000), Rural Development Community Loan Program (USDA partnership for small businesses with 50 or fewer employees), Bond Program for industrial revenue financing, and Tax Abatement Programs including Straight-Lease-Back and 485-B. The agency also manages two business parks—Chesterfield Commerce Park (100 acres) and Moriah Business Park (70 acres)—providing shovel-ready sites with infrastructure including water, sewer, fiber optics, and 3-phase power. Related services include technical assistance for permits, workforce recruitment, and introductions to local business networks.

Differentiator

Problem solved

Functional benefit

Products and services

• Revolving Business Loan Program Loan program facilitating the startup, expansion, and retention of business activity within Essex County, creating employment opportunities and expanding the industrial and commercial tax base. Minimum loan amount is $10,000. Targeted at manufacturing businesses located in Essex County.
• Rural Development Community Loan Program USDA Rural Development partnership providing financing to support startup and growth of small businesses that are creating and/or retaining jobs. Targets for-profit businesses with 50 or fewer employees and projected revenue under $1 million.
• Bond Program Industrial revenue bond financing (tax-exempt or taxable) for companies with strong financial positions proposing projects that create jobs and invest capital in Essex County. Available for manufacturing, warehousing, research, commercial, industrial, and pollution control projects.
• Tax Abatement Programs Programs conferring real property, sales, and mortgage tax exemptions by obtaining passive interest in property titles of economic development projects under General Municipal Law Section S874. Includes Straight-Lease-Back Incentive and 485-B Program.
• Chesterfield Commerce Park A 100-acre pre-permitted, shovel-ready industrial park featuring lots for multi-use buildings up to 40,000 square feet. Located 3 miles from NYS I-87 with municipal water, sewer, high-speed internet, fiber optics, and 3-phase power. Available for businesses seeking sites in Essex County.
• Moriah Business Park A 70-acre pre-permitted, shovel-ready industrial park (original 32 acres plus 38-acre expansion in 2021) featuring municipal water, sewer, high-speed internet, fiber optics, and 3-phase power. Home to Pre-Tech Plastics, Moriah Health Center, High Peaks Hospice, and Whistlepig Rye Whiskey. Available for businesses seeking sites in Essex County.
• Business Development Services Comprehensive economic development services including business location assistance, workforce recruiting and training, financing and incentives guidance, introductions to local business leaders, relocation assistance, utility connections, and permit navigation. Available to businesses seeking to locate, expand, or retain operations in Essex County.

Named customers22 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

14 partnerships are on record, tiered core and minor.

• North Country Regional Economic Development Council (NCREDC)coreStrategic or Co-development Partner · 1 January 2011NCREDC is dedicated to economic development in Clinton, Essex, Franklin, Hamilton, Jefferson, Lewis, and St. Lawrence counties. It is part of Governor Andrew M. Cuomo's Regional Economic Development Council initiative, a public-private partnership for long-term strategic plans for economic growth.
• Empire State DevelopmentcoreStrategic or Co-development PartnerNew York State Empire State Development provides economic development resources and support for businesses in Essex County through partnership with the IDA.
• North Country Small Business Development CentercoreStrategic or Co-development PartnerProvides small business development resources and assistance to businesses in the North Country region including Essex County.
• New York State Department of LaborminorStrategic or Co-development PartnerState agency providing workforce development and labor resources for businesses in Essex County.
• One Work SourceminorStrategic or Co-development PartnerWorkforce development services provider serving the North Country region.
• North Country AllianceminorStrategic or Co-development PartnerRegional economic development organization serving the North Country area.
• Lake Champlain Lake George Regional Planning BoardminorStrategic or Co-development PartnerRegional planning board providing planning and development resources for the Lake Champlain and Lake George region.
• NYMTL – Where NY Meets MontrealminorStrategic or Co-development PartnerOrganization facilitating trade and economic connections between New York and Montreal.
• Center for Businesses in TransitionminorStrategic or Co-development PartnerResource for businesses undergoing transition in the North Country region.
• The Development Authority of the North Country (DANC)coreStrategic or Co-development PartnerRegional development authority providing resources and support for economic development projects in the North Country.
• Adirondack Regional TourismminorStrategic or Co-development PartnerRegional tourism organization for the Adirondack area.
• Champlain Valley Technical Education Center (CV-TEC)minorStrategic or Co-development PartnerTechnical education center whose students assisted in building construction for High Peaks Hospice and is partnering with IDA on a 5,000 sq ft incubator building.
• Briggs Law Firm, LLPminorOthersLegal counsel for the Essex County IDA, located in Lake Placid, NY.
• Boulrice & Wood CPAsminorOthersAccounting firm serving as accountant for the Essex County IDA, located in Plattsburgh, NY.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Empire State Development (ESD): New York State's umbrella economic development organization and a core strategic partner of Essex County IDA. Operates overlapping bond, tax-credit, and grant programs at scale statewide; comparable mission but a much broader portfolio than a single county IDA.

Direct peers

• Hamilton County IDA: Adirondack-region NY county IDA operating under NY State General Municipal Law with the same single-point-of-contact model for loans, bonds, and site selection. Highly comparable to Essex County IDA given both sit within the Adirondack Park.
• Lewis County IDA: Smaller NCREDC-member North Country county IDA with parallel economic development mandate, USDA-backed lending, and tax-abatement authority. Closely comparable scale and operating capacity to Essex County IDA.
• The Development Authority of the North Country (DANC): Multi-county North Country public development authority that provides overlapping economic-development, infrastructure, and project-financing services alongside Essex County IDA. Active co-partner in the data; closest institutional peer at the multi-county level.
• St. Lawrence County IDA: NCREDC-partner North Country county IDA delivering the same triad of small-business lending, industrial revenue bond financing, and PILOT-driven tax incentives to a rural NY county economy. Direct structural equivalent.
• Saratoga County IDA: New York State county IDA administering revolving loan funds, industrial revenue bonds, and PILOT tax-abatement programs under the same General Municipal Law framework. More populous county, but functionally equivalent economic development model.
• Warren County IDA: Adjacent Adirondack county IDA in northeastern New York offering the same suite of revolving loans, industrial revenue bonds, and tax-abatement (PILOT) tools to businesses. Most directly comparable peer given shared rural, tourism-driven economy.
• Franklin County IDA: Another NCREDC-member North Country county IDA administering revolving loan funds, USDA-backed programs, and tax incentives for businesses in its county. Comparable structure, rural-agricultural customer base, and bonding authority.
• Jefferson County IDA: NCREDC-partner North Country county IDA offering parallel loan, bond, and tax-abatement programs to Essex County IDA. Comparable in scope, regulatory authority, and small-team operating model for a low-population NY county.
• Clinton County IDA: Neighboring North Country county IDA, fellow NCREDC partner with overlapping geographic territory and similar mix of small-business lending, bond issuance, and PILOT programs. Directly comparable mandate, scale, and customer profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Essex County IDA