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An Industrial Development Agency (IDA) is a public benefit corporation formed by an act of the State Legislature. Our firm handles real estate tax evaluation and memoranda required by the Industrial Development Agencies in tax credit financings.

An IDA transaction allows a project to be built with real property tax abatements, sales and use tax exemptions, mortgage recording tax exemptions, and in certain circumstances, with the proceeds of tax-exempt bonds. We have represented numerous real estate developers, not-for-profit entities, schools, and manufacturers in transactions with the IDA.