Tuesday, October 4, 2022
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Report questions economic impact of IDAs, LDCs

A state Authorities Budget Office report notes there is no correlation between job growth in a county and the existence of development authorities there.

Companies fall short at creating jobs

A state oversight agency found that companies overall failed to meet their job projections after receiving Industrial Development Agency incentives.

Report: Public authority system employment down 10 percent

Employment in the state’s public authority system fell 10 percent from its peak in 2009 to 2011, according to a report from the Albany Times-Union.

Rise of local agencies sparks development and state concerns

Local development corporations fill a financing gap even as they raise concerns at a state oversight agency.