Town of Clifton Park
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Industrial Development Agency

The Mission of the Town of Clifton Park Industrial Development Agency is to identify, attract, develop, expand, and promote economically sound commerce within the Town. We assist in the acquiring, constructing, reconstructing, improving, maintaining, equipping and furnishing of industrial, manufacturing, warehousing, commercial, research facilities, and educational or cultural facilities.

Our goal is to promote Town prosperity, through the creation and advancement of a healthy business climate, supporting job creation and retention. The IDA utilizes a variety of economic development tools, financial incentive programs and resources permitted within the scope of the Public Authorities Law, building customized packages from project concept through construction and sustained operation fostering the general prosperity of the Town.

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About Us

The Town of Clifton Park Industrial Development Agency exists to identify, attract, expand, and promote economically sound non-retail commerce within the Town. The goal is to promote Town prosperity, through the creation and advancement of well paying jobs, within recreational, institutional, light industrial and medical business opportunities. The IDA utilizes a variety of economic development tools, financial incentive programs and works with professional partners building packages designed to provide support from project concept through construction operation.

The successful efforts of the IDA serve to bolster Clifton Park’s well deserved reputation as a great place to Live, Work, and Play.

The Clifton Park IDA has served the community continuously since 1980.

Meetings

IDA normally meets monthly – the first Monday of the month at Clifton Park Town Hall at 7:00 PM. Interested persons should call the Clifton Park Town Clerk at 371-6681 to confirm meeting schedules.

Links

  • NYS Public Authorities Law
  • Saratoga Economic Development Corp.
  • Empire State Development – Build Now NY
  • Southern Saratoga Chamber of Commerce
  • 2022 CP IDA Meeting Schedule.pdf
  • 2022 Board Members.pdf
  • IDA Meeting Minutes
  • 2022 Budget.pdf
  • IDA Application (2017 revised).pdf

Policies

  • Bylaws
  • Code of Ethics
  • Defense and Indemnification of CPIDA Members
  •    pdf Investment Policy (284 KB)
  • Procurement Policy
  • pdf Spec Project Anti Pirating (151 KB)
  • Receipts and Disbursements Oversight Procedure
  • Uniform Tax Exemption Policy
  • Whistle Blower Policy

Reports

  • 2021 Financial Audit
  • 2021 Post Governance
  • 2021 Investment Report
  • 2021 Accomplishments.pdf
  • pdf 2020 Financial Audit (119 KB)
  • pdf 2020 Post Governance (61 KB)
  • pdf 2020 Investment Report (63 KB)
  • pdf 2020 Procurement Report (21 KB)
  • pdf 2020 Measurement Report (487 KB)
  • pdf 2020 IDA Accomplishments (480 KB)
  • pdf 2019 Annual PARIS Report (83 KB)
  • pdf 2019 Certified Financial Audit (16 KB)
  • pdf 2019 Post Governance Report (60 KB)
  • pdf 2019 Investment Report (63 KB)
  • pdf 2019 Procurement Report (21 KB)
  • pdf 2019 Measurement Report (602 KB)
  • pdf 2019 IDA Accomplishments (572 KB)

Project Applications

pdf Synergy Tech Park 32,000 SF - Application (1009 KB)

pdf Synergy Tech Park 52,400 SF - Application (998 KB)

pdf Synergy Tech Park 104,000 SF - Application (1000 KB)

Solar Foundations USA, Inc. - Application.pdf

pdf DCG Wood RD - Application (2.94 MB)

pdf TriNova - Application (1.39 MB)

pdf 15 Synergy Park - Application (3.52 MB)

pdf Green Mtn Electric Supply - Application (2.09 MB)

Project Agreements

  • Green Mtn Electric PILOT.pdf
  • 15 Synergy Park PILOT.pdf
  • pdf PILOT Roberts Lane LLC 32,000SF (682 KB)
  • pdf Pierce Rd Procedure Project Agreement (3.44 MB)
  • pdf 8 Fairchild Project Agreement (3.20 MB)
  • pdf Abele Northside LLC 09 2017 (197 KB)

 

Attachments

  • Synergy 32,000 SF Application.pdf (pdf, 1009 KB)
  • Synergy 52,400 SF Application.pdf (pdf, 998 KB)
  • Synergy 104,000 SF Application.pdf (pdf, 1000 KB)

IDA FAQs

What is the purpose of an IDA?

The IDA was established under New York State law to promote, develop, and assist in acquiring, constructing, reconstructing, equipping, and furnishing of qualified projects and facilities, thereby increasing the job base of the town.

What are the benefits of doing an IDA transaction?

A project may qualify for tax-exempt financing, taxable bonds or a straight lease transaction. It also may qualify for sales tax exemption, mortgage recording tax exemption and/or real estate tax abatement.

Who qualifies for tax exempt bond financing?

A manufacturing concern may qualify for a tax exempt bond or a 501C-3 organization.

Are transactions or projects prohibited?

Yes. We are prohibited from participating in transactions which are primarily retail in nature.

How are IDA Board members selected?

Members are Town of Clifton Park residents who are appointed by the Town Board for two year terms.

Are IDA Board members paid?

IDA Board members are volunteers and do not get compensated.

What is cost of IDA involvement?

Clients are charged 3/4 of one percent of project building costs.

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  • Clifton Park Title VI Plan

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Recent Town Documents

  • pdf 06 06 2022 TBM New Popular
  • pdf MOE ROAD MULTI USE PATH BID NOTICE 6 22 New Popular
  • pdf CLIFTON COMMON SEALING STRIPING BID DUE 7 20 22 New Popular
  • pdf 06 21 2022 Town Board Packet Popular
  • pdf 5-25-22 Planning Board Minutes.pdf Popular

Upcoming Events

27 Jun 2022;
07:00PM -
GREEN Committee Meeting
29 Jun 2022;
07:00PM -
Planning Board Meeting
04 Jul 2022;
12:00AM
Town Hall Closed

Contact Us - 518-371-6651

Clifton Park Town Hall Map Location

1 Town Hall Plaza
Clifton Park, NY 12065
Hours: Monday - Friday: 9:00am - 5:00pm
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