POUGHKEEPSIE – IBM will be before the Dutchess County Industrial Development Agency Board on Wednesday seeking a 30 -year payment in lieu of taxes (PILOT) for its proposed at the IBM campus at 2455 South Road in the Town of Poughkeepsie.
Big Blue made its initial presentation in July, but no action was taken pending a feasibility study.
The company will also be seeking sales tax exemption on materials for the massive project.
Once the IDA board approved a preliminary resolution for the incentives, a public hearing will be held followed by a formal vote to approve the proposal.
Also at Wednesday’s session, the IDA board will consider [an authorizing resolution for the $83-million, O’Neill multi-family project on Route 9G in Hyde Park.
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