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Links roundup—EDC, IDAs and LDCs edition

February 22, 2012
  • New York City Comptroller John Liu thinks the Economic Development Corporation is giving too many subsidies to online grocer Fresh Direct: “For the cost of this benefits package the city could give 4,385 students full, four-year scholarships to CUNY or hire 1,458 new teachers or pay for 350,000 GED test-prep programs or launch a micro-lending program for minority and women entrepreneurs.” [Press Release]
  • New York City Councilmember Melissa Mark-Viverito is also concerned about the Fresh Direct subsidy package, especially by the lack of transparency and public input in the approval process: “To hold a public hearing after an agreement was already announced in the press, and then schedule a final vote just a few days later, makes the City’s agreement with Fresh Direct seem like nothing short of a done deal.” [Letter to the NYC IDA]
  • The Comptroller’s Office released a mostly positive review of the Broome County IDA, but it did uncover a conflict of interest regarding tax breaks issued for a development project that’s partly owned by the chairman of the IDA board. [WIVT/WBGH Newschannel 34] [Innovation Trail]
  • If an IDA hires employees and assigns them to work at affiliated LDCs, are they eligible for state retirement benefits? The Comptroller says no. [Public Authorities Blog]
  • If the employees then appeal the Comptroller’s decision, can the IDA pay their attorneys fees? [Public Authorities Blog]
  • A regional approach is being stressed in Ulster County IDA’s effort to get state aid. [Daily Freeman]
  • Residents and local legislators have raised questions and concerns about the Sullivan County Funding Corporation, which is overseen by the same board members as the county’s IDA. [The River Reporter]
  • Social justice protesters attended the last meeting of the County of Monroe IDA and criticized the agency’s subsidy policies. [Democrat and Chronicle]
  • The Delaware County IDA chief called watershed drilling bans “property rights theft.” [Watershed Post]
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