Supporting our vibrant community and a healthy local economy is essential to the Fairport Industrial Development Agency (FIDA). As a recognized leader in leveraging private-sector investment, the FIDA has the connections and know-how that come only from being part of the community ourselves.
For capital improvements to a new or existing commercial property, the Fairport Industrial Development Agency can help reduce your tax liability after completion, locking in significant savings in return for investing in Fairport.
Fairport IDA is a public benefit corporation established in 1976 under the General Municipal Law and the Public Authorities Law to foster economic development in the Village of Fairport.
We offer the following benefits as outlined in our Uniform Tax Exemption Policy:
We help developers manage their incremental tax payments for construction or rehabilitation projects.
We can help lower costs by providing tax exemptions for construction, renovation or equipping an eligible project.
Our mortgage tax exemptions can help lower the fees associated with project financing.
“The village of Fairport’s economic development group has embraced the project,” Lester said. “Most municipalities would have put the development team through the ringer. Fairport was like, ‘What can we do for you?’ ”
“This is a shining example of how the arts and the Erie Canal can come together to create vibrant public spaces. Fairport has long been a quintessential canal village and this installation will make it an even more compelling destination.”
“Fairport’s Office of Community and Economic Development supports local businesses and is dedicated to developing a Village business district that supports small business and the needs of the local community. OCED helps business owners cut through the red tape and navigate the complex process for new businesses looking to open or existing businesses looking to expand. It is like having an extra consultant on your team that will support you throughout the life cycle of your business.”
“The Village of Fairport is blessed with scenic Canal frontage, vibrant retail, food and beverage establishments, and a wonderfully charming community. They are also fortunate to have the Office of Community and Economic Development, which works tirelessly to champion development projects and capitalize on opportunities to optimize their downtown. Working with OCED on numerous projects within the Village has been undoubtedly one of the highlights of my professional career.”
“Fairport OCED supports the charming and thriving village of Fairport with engaged and creative leadership who are dedicated to working with businesses and the community on sustainable growth. Great people to work with!”