What is an IDA? IDA is an acronym for Industrial Development Agency or Authority. So, for example, COIDA is an acronym for County of Otsego Industrial Development Agency. IDAs were created in the State of New York back in 1969 for the express purpose of developing industry within an IDA’s particular jurisdiction. An IDA is created by legislation (the Otsego IDA was created by an act of the Otsego County Board of Representatives in 1973). It is a public benefit agency. There are actually quite a lot of public benefit agencies and authorities and we’re sure you’ve heard of some … Read More