DiNapoli: Industrial Development Agencies Have Improved, But Concerns Remain

May 7, 2013

Comptroller DiNapoli
Credit Courtesy NYS OSC

Industrial development agencies across New York granted $1.5 billion in tax breaks to companies that promised to expand, and create new jobs, in 2011. In a new audit, state comptroller Thomas DiNapoli says the IDA’s, which operate at the local and country level, have improved their overall performance but some say there are still reasons to be concerned.