Business View Magazine | November 2020

303 BUSINESS VIEW MAGAZINE NOVEMBER 2020 to the location of the Florida Business Park. Solar is another exciting avenue for infrastructure that has caught the County’s attention. This interest has blossomed into the Mohawk Solar Project, which was approved last year by Montgomery County IDA and will be situated on the County’s western border. The completed project is expected to generate 85MW via solar and will see an influx of $130-plus million to the area. The County utilizes a combination of state and county incentives which are offered through its Industrial Development Agency. The tax incentives come in the form of sales tax. Montgomery County has a 4 percent sales tax and there is a 4 percent sales tax at state level, as well. However, the exemption is when it comes to the construction of a facility. There are extremely aggressive incentives for new construction within the County - those companies receive property tax exemptions along with the sales tax exemptions at some point in their respective developments. The Montgomery County Business Development Center has a good working relationship with Empire State Development, New York State’s development agency. They collaborate on larger development projects to put together an attractive incentive package from the state and the County. This is further reinforced by the County leveraging the National Grid’s economic development incentives for required gas and electric infrastructure for existing companies looking to expand, or new businesses looking for opportunities in Montgomery County. Rose has a wealth of experience to answer the question, why do business in Montgomery County? In his words, “The County has a low cost of living, high value cost of real estate, access to existing transportation infrastructure, water, and sewer. Corporate America is going through what is likely a generational transition and that places the County at an advantageous point. It is strategically located with three New York state interchanges running through the center, providing Montgomery County the best chance for development. MONTGOMERY COUNTY , NEW YORK