Middletown IDA Director Highlights Agency’s Role in Urban Redevelopment

Middletown IDA Director Highlights Agency’s Role in Urban Redevelopment

At the Middletown council meeting on March 4, the director of the city’s Industrial Development Agency (IDA) talked about how the agency has helped to breathe new life into vacant buildings, increase the tax roll, and create hundreds of jobs over the past decade. A public benefit corporation under state law, the Middletown IDA is empowered to use tax incentives to attract or grow desired businesses. Common incentives come in the form of reduced …