+ 518-736-5660 1 East Montgomery Street | Johnstown, NY 12095

IDA PROJECTS

NAME LOCATION LEASE TERM PILOT TERM SALES TAX EXEMPTION
YMCA 213 Harrison Street
Gloversville, NY
YES Expires 2028 NO NO
C.G. Roxanne 1 Old Sweet Road
Johnstown, NY
YES Expires 2025 YES Expires 2025 YES
Johnstown Renewables Enterprise Drive
Johnstown, NY
YES Expires 2027 YESE Expires 2027 YES
Century Linen 335 North Main Street
Gloversville, NY
NO NO YES

PROJECT REVIEW CRITERIA AND ANNUAL MONITORING

  1. The Agency shall review Project Applications and utilize the following specific criteria for evaluating and determining whether to provide benefits to a proposed project:
    1. Will the project create or retain jobs?
    2. What are the wages to be paid for the new jobs being created and the existing jobs being retained?
    3. What is the total private sector investment?
    4. How much local labor will be utilized during construction?
    5. How much will property values and property tax revenues increase for local taxing jurisdictions?
  1. The Agency shall require the Applicant to annually submit information to the Agency to allow the Agency to monitor the performance of the Applicant. The Agency shall annually monitor, at a minimum, the following information:
    1. Number of new jobs created and retained.
    2. Private sector investment.