Syracuse Industrial Development Agency

The City of Syracuse Industrial Development Agency's (SIDA) serves as an agency that drives economic development within the city. The mission of the agency is to enhance the City of Syracuse’s economic development capabilities by promoting, attracting, encouraging and developing recreation and economically sound commerce and industry to: advance the job opportunities, health, general prosperity and economic welfare of the people of the City of Syracuse.

SIDA also aims to improve recreational opportunities, prosperity, and standard of living, to prevent unemployment and economic deterioration.

SIDA achieves this mission by providing a variety of financial incentives to projects, including exemptions from property, sales, use and mortgage recording taxes, grants, and bond financing. SIDA conveys benefits in a strategic, consistent and transparent manner based on the City of Syracuse’s collective economic development priorities.