New York's Industrial Development Agencies Are Under Fire Again

Summary


New calls for reform of New York's Industrial Development Agencies have economic development officials on the defensive once again.

IDA proponents in Rochester argue the changes would result in fewer companies locating here, crippling the economy even more.

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Extract


New York's Industrial Development Agencies Are Under Fire Again

IDAs -- quasi-government agencies that offer tax and other incentives to assist new and expanding businesses, which in turn require new job creation -- are no strangers to criticism. Some state officials claim the tax brea...

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