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About Us Our Mission To create economic development and job growth throughout the City of Yonkers by attracting new businesses, retaining existing ones and helping them all become more competitive in a global marketplace.What we do: As a public benefit corporation, the Yonkers IDA provides a wide range of business development incentives to companies that choose to locate or expand in Yonkers. Since 1982 we have generated millions of dollars in private investments within the City of Yonkers. The Industrial Development Agency's legislative charter allows us to offer businesses discretionary mortgage and sales tax exemptions, payments in lieu of taxes (PILOTs), and bonds for the tax exempt financing of business development. The Yonkers IDA induces companies to invest their capital in major economic development projects that create jobs and increase the city's tax base, thereby improving the quality of life for all Yonkers residents.
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