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The County of Monroe Industrial Development Agency (COMIDA) was created under Article 18A of the General Municipal Law of New York State, with the express goal to promote, encourage, attract and develop job and recreational opportunities and economically sound commerce and industry throughout Monroe County, for the purpose of preventing unemployment and economic deterioration. Further, our goals include protecting and promoting the health of Monroe County residents and to increase trade through promoting the development of facilities to provide recreation for the residents and to attract tourists from other areas.
COMIDA provides assistance to qualified applicants/projects. COMIDA does not lend any money to these projects, rather this assistance is provided through tax exemptions, real property tax abatements and access to lower interest rates through tax exempt bond issues. Assistance is available for acquiring, constructing, reconstructing, improving, maintaining, equipping and furnishing industrial, manufacturing, warehousing, commercial, research and recreational facilities.
COMIDA is subject to New York’s Open Meeting Law and the Freedom of Information Law. For each project, COMIDA must comply with the New York State Environmental Quality Review Act. Additionally, for each project which will receive benefits over $100,000, COMIDA must conduct a Public Hearing. Please click here for a link to the dates of these hearings.
COMIDA provides this assistance without any public money. Income is generated by the fees charged to applicants. These monies have been reinvested in our community to further the goals of economic development. COMIDA assistance was critical in the establishment of the Greater Rochester Enterprise. COMIDA has supported the Monroe County Industrial Development Corporation to fund its GreatRate Interest Subsidy and GreatRebate programs. COMIDA has also underwritten The Entrepreneur’s Network which provides area entrepreneurs with practical, hands-on education and training programs.