Industrial Development Agencies (IDAs) are public benefit corporations originally authorized by the Industrial Development Agency Act of 1969 and governed by the provisions of Article 18-A of the General Municipal Law. To improve economic conditions in their respective areas, IDAs generally attempt to attract, retain and expand businesses within their jurisdictions through the provision of financial incentives to private entities.

It is the policy of the WCIDA to comply at all times with the provisions of NYS General Municipal Law Sec. 18A (IDA LAW), NYS Public Authorities Accountability Act, and all local laws duly established by the County of Wyoming and any town or village within Wyoming County.