Welcome to the Oneida County Industrial Development Agency
The Oneida County Industrial Development Agency is tirelessly working to fulfill its mission: To assist in the enhancement and diversity of the economy of Oneida County by acting in support of projects in Oneida County that create and/or retain jobs and promote private sector investment utilizing the statutory powers of the Agency as set forth under the provisions of the laws of the State of New York. OCIDA offers a variety of financial tools and tax incentives, including:
- Exemption from Real Property Taxes (Payment in Lieu of Taxes - PILOT)
- Taxable and Tax-Exempt Bonds
- Exemption from Mortgage Recording Tax
- Exemption from Sales Tax on Materials, Machinery, Equipment and Furnishings
Interested parties should check the policies of the IDA for more information on available benefits and eligible projects.
Matt Brewing
Matt Brewing Co. has continued its ongoing facility enhancement and product diversification projects during the past year. As part of its efforts to maintain its leadership position in the craft brewing and bottling industry in New York, Matt invested over $8 million at its Utica facility in the past year. Infrastructure improvements, new cellars, new DSP handling and containment systems, and an expanded bottle line, were all carried out in this expansion. The OCIDA continues to assist Matt with exemption from sales and use taxes on facility renovations and equipping, exemption from mortgage recording tax, and a payment in lieu of tax agreement (PILOT) with local taxing jurisdictions.
McCraith Beverages
McCraith Beverages, Inc. commenced a 23,000 square foot, $3.7 million facility expansion in 2022. Based in New York Mills, McCraith is a wholesale distributor of beer, soda, water, snacks, wine, and spirits. The OCIDA and EDGE staff assisted with coordinating exemption from sales and use taxes on the construction and equipping of the facility, exemption from mortgage recording tax, and a payment in lieu of tax agreement (PILOT) with local taxing jurisdictions. McCraith will retain 128 full-time equivalents and create at least 10 new full-time equivalent jobs with this expansion. Photo: C2C Construction Solutions.
Wolfspeed
Wolfspeed has invested $1B in the Mohawk Valley through this project. The OCIDA's assistance in financial matters and material jumpstarted site construction that began in Spring 2020. Since its opening in April 2022, the brand-new, state of the art fabrication facility has dramatically increased Wolfspeed’s Silicon Carbide market reach. As the global demand for Wolfspeed's SiC technologies accelerates—powering everything from racecars to crucial 5G infrastructure advancements—and Micron’s investment in Clay unfold, this site is essential to New York State's stake in the semiconductor technology, fueling both industrywide infrastructure and the Mohawk Valley’s regional economy. The OCIDA assisted Wolfspeed with real property taxes exemption, mortgage tax exemption, and sales tax exemption. Multiple construction jobs were hired to build the fab facility, and more than 600 FTE jobs are planned for the next decade.
