York County Industrial Development Authority (YCIDA)
The York County Commissioners created the York County Industrial Development Authority (YCIDA) in 1967 pursuant to Pennsylvania's Economic Development Financing Law (formerly the Industrial & Commercial Development Authority Law), for the purpose of investing in local industrial parks and job creation.
The YCIDA administers the Industrial Development Authority (IDA) Bond Financing Program (also known as the Industrial Revenue Bond Program [IRB]) and the Pennsylvania Economic Development Financing Authority (PEDFA) Program. Through both of these funding options, eligible firms wishing to expand or relocate in York County can finance land, buildings, and associated machinery and equipment through tax-exempt industrial development bonds, which are lower than conventional bank rates. Learn more about available funding programs through YCIDA and the York County Economic Alliance’s other related entities.
The YCIDA champions redevelopment projects within York County. Projects of note include the creation of three industrial parks, Sovereign Bank Stadium, and the Harley-Davidson West Campus redevelopment project. YCIDA recently unveiled its latest redevelopment project, Marketview Arts - A Studio for Creativity, located at 37 W Philadelphia Street in York.
The YCIDA has also adopted an Equity Management Plan for consideration by all individuals and/or businesses interacting with the Authority. The plan is a progressive attempt to include and encourage businesses owned and led by minority, women or local entrepreneurs to compete and participate in all contracting activities financially supported by the YCIDA.
Each of these projects helps to create a stronger community, create jobs and build a better quality-of-place in York County.
2013 Board Meeting Schedule
Monthly Meetings: First Tuesday of the month
Time: 8:15 a.m.
Location: White Rose Room at Sovereign Bank Stadium.
For more information on YCIDA, contact Blanda Nace.