Investment Incentives and Programs
In Amherst, success is the result of innovative local government that remains committed to taking all the necessary steps to ensure your expansion or relocation project thrives in our community. When you select Amherst, you're getting a team of experts (including the Town of Amherst Planning, Engineering, and Building Departments) who are ready and willing to assist your project. We have a history of supporting sound planning and a proven track record of eliminating red tape -- which saves you time and money!!
Project Eligibility
Before applying for investment incentives and programs, you first need to determine if the proposed project meets eligibility criteria established for all industrial development agencies in Erie County. Projects are reviewed on a case-by-case basis with emphasis placed on job creation, investment, public purpose and community benefit.
Tax Abatement Programs
Once a project is determined eligible, you can apply for tax abatement programs administered by the Amherst IDA (please keep in mind state and local entities often provide additional investment incentives -- these can be found on the Other Incentives Page). Eligible companies frequently use installment sales and lease transactions to [1] purchase and improve land, [2] construct new facilities, [3] acquire, renovate and expand existing buildings, and [4] acquire and install new machinery/equipment. The benefits of entering into these transactions include: Sales Tax Exemption, Mortgage Recording Tax Exemption, Industrial Revenue Bonds, and Property Tax Abatement.
