Report: New York State IDAs Generated $141 Billion In Wages; Created, Retained 1.3-Million Jobs in 2021
ALBANY—In light of some criticism being leveled against Industrial Development Agencies in New York State, particularly the need and financial returns of incentives granted to development projects by IDAs, a newly released report commissioned by The New York State Economic Development Council calculates the benefits of IDA incentives in 2021 in the billions of dollars and more than 1 million jobs retained or created.