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Links Roundup: LDCs

June 12, 2014

Oilers now have a field to call home

Olean Times Herald

… its third season in the New York Collegiate Baseball League on Monday. Led by Brian O’Connell and the Olean

ManaFoods reaffirms interest in new Warwick Tech Park for ag-university education

Mid-Hudson News

WARWICK – ManaFoods of New York, formerly called Valley Fresh Direct, has reaffirmed its interest in locating at the … The Warwick Valley Local Development Corporation has been charged with developing the property, which is …

Suit filed to block Valley View transfer (VIDEO)

Times Herald-Record

Local development corporations have been upheld again and again by courts across New York state. We look … Ulster County used a local development corporation as a vehicle to transfer its nursing home to a private firm. The new …

Links Roundup: IDAs

June 12, 2014

Prop factory that has made replica weapons for ‘Boardwalk Empire’ heading to Queens

New York Daily News

It’s the latest example of the migration of New York City’s industrial … it secured through the city’s Industrial Development Agency, money that will help …

The Ontario Knife Company(R) Breaks Ground On New Manufacturing Plant Expansion

Wall Street Journal

… for the new expansion to its Franklinville, New York manufacturing facility. … through the County of Cattaraugus Industrial Development Agency

New York Approves CON for $5.2M Westmoreland ASC, Controversy Remains

Becker’s ASC Review

The New York State Department of Health approved the certificate of need … Now, the Oneida County Industrial Development Agency is hearing …

Cattaraugus County IDA notes skewed data in comptroller’s report

Olean Times Herald

ELLICOTTVILLE — Cattaraugus County Industrial Development Agency officials are rushing to correct data in an Office of the New York State …

Tightening regulations would force IDAs to become more accountable

Buffalo News

Industrial development agencies across Western New York are still in need of … The Lancaster Industrial Development Agency justifies that tax break …

Albany nanocollege seeks $186 million in tax-exempt bonds for latest expansion

Albany Business Review

… New York has applied for $186 million tax-exempt bonds through the Albany County Industrial Development Agency to finance a new $200 million …

New York State IDAs scrutinized in comptroller’s annual report

Business First of Buffalo

Western New York topped all regions across the state with 837 industrial development agency-supported projects in 2012, adding up to $9.1 billion.

Smithtown, Kings Park put on IDA’s downtown development radar


… service funded by the Suffolk County Industrial Development Agency. … organization that works in the New York, New Jersey and Connecticut area.

Bellone Praises Agency for Work Boosting New Business

Long Island Exchange

(Huntington, NY) Suffolk County Executive Steve Bellone praised the success of the Suffolk County Industrial Development Agency (IDA) for bringing …

New Paltz Town Board seeks Ulster County documents on tax deal for Park Point project

Kingston Daily Freeman

The Ulster County Industrial Development Agency last week approved a … “They have to, under their own regulations in New York state … do an …

Fidelis adding 75 new IT positions


… $2.5 million in tax breaks by the Amherst Industrial Development Agency for expansion that would nearly double their office in Western New York.

NCCC, IDA plan joint application for Start-Up New York

Buffalo News

… that he expects a joint application from the college and the Niagara County Industrial Development Agency for the Start-Up New York program.

Sen. DeFrancisco wants to bar county agency from giving tax break to Destiny USA hotel

The Post-Standard

Syracuse, N.Y. — Onondaga County’s Industrial Development Agency … “We’d be the only county in New York State to have that requirement,” he said.

Ulster County agency to vote on payment-in-lieu-of-taxes plan for New Paltz project

Kingston Daily Freeman

KINGSTON >> The Ulster County Industrial Development Agency is … that will house students and faculty with the State University of New York at New …

Court denies General Motors appeal

Lockport Union-Sun & Journal

Lockport Union-Sun & Journal — New York’s highest court is backing the Lockport Town Industrial Development Agency in its taking of 91 acres from …


Links Roundup: New Jersey

June 12, 2014

New Jersey’s Surge in Business Tax Subsidies Reaches New Heights

New Jersey has awarded more than $4 billion in tax subsidies and credits to businesses this decade in a largely unsuccessful attempt to spur economic activity and boost the state’s crawl out of the Great Recession. As the total amount of subsidies has boomed, so has the cost of deals with individual companies, with a sharp increase in those worth more than $100 million.

Links Roundup: LDCs

May 2, 2014

The Authorities Budget Office (ABO) has completed its limited scope review of the Griffiss Local Development Corporation (GLDC).  The report concludes that although GLDC has produced positive results with the successful redevelopment and reuse of the former Griffiss Air Force base, it has allowed a not-for-profit corporation, Mohawk Valley Economic Development Growth Enterprise (EDGE), to use GLDC funds, credit and employees for activities that are not related to GLDC’s core public mission, such as paying the expenses of corporations unrelated to GLDC, providing services to organizations located outside the Base, and for activities that are inconsistent with Not-for-Profit Corporation Law.  

This report is one in a series of reviews of local development corporations (LDCs) undertaken by the ABO to better understand the public purposes for which each LDC was formed, and to gain insight into how these corporations function and expend public funds. These reviews are also intended to increase public awareness of the operations of LDCs.  

The GLDC report is posted and available to the public on the ABO web site at

Links Roundup: Inside New York State

March 31, 2014

Last week the ABO issued the report of its investigation of the Town of Montgomery IDA.  The investigation was in response to a complaint they received that the IDA had inappropriately acted when it approved financial assistance to a project.  The report has received some local press. The link is below.  The report is public and on the ABO web site.

Links Roundup: IDAs

March 25, 2014

Texas company proposes upgrades at NY airport

Wall Street Journal

The Journal News ( ) reports that the Westchester County Industrial Development Agency voted Thursday to negotiate a $40 

LDC will issue tax-exempt bonds to HWS

Finger Lakes Times

entities like HWS, Finger Lakes Health and the New York State Agricultural By law, the city’s Industrial Development Agency is limited to providing 

Accent on New Paltz: Dear Ulster County Industrial Development Agency

New Paltz Times

paul brown SQ Please include this communication as part of the permanent record of the public hearing held on Jan. 28, 2014 in New Paltz, New York 

Lawsuit filed against ECIDA over Uniland project

Business First of Buffalo

started legal action against the Erie County Industrial Development Agency over The action was filed before New York State Supreme Court Justice John Officials from the ECIDA and the New York City-based law firm, Heller 

Community Bank eyes Olean for mortgage office

Business First of Buffalo

according to the agenda for the Cattaraugus County Industrial Development Agency’s Feb. 13 meeting. The $6 million project would support the bank’s mortgage processing operations across New York state and could include the 

Geneva IDA to discuss downtown revitalization project

Finger Lakes Times

GENEVA — The New York Main Street Downtown Revitalization Project will be discussed by the Geneva Industrial Development Agency board when 

Orange County IDA OKs $500000 for Amy’s Kitchen food plant

Times Herald-Record

NEW WINDSOR — The Orange County Industrial Development Agency on Thursday approved giving $500,000 to The money from the IDA piggybacks on $800,000 New York state plans to give Amy’s Kitchen for infrastructure 

Play Ball: Yankee Stadium Keeps ‘BBB’ Bond Rating Despite Attendance Drop

CoStar Group

U.S. baseball park operator Yankee Stadium LLC’s combined bond offerings issued by the New York City Industrial Development Agency (NYCIDA) 

New York IDAs just can’t say ‘no’

Rochester Democrat and Chronicle

Last year, the County of Monroe Industrial Development Agency board, which But they have little recourse: In New York, IDA’s powers are largely 

LI, NYC businesses wooed by New Jersey again


New York and New Jersey had the worst and second-worst tax climates last year, said Joseph J. Kearney of the Nassau County Industrial Development Agency. New York State has been rolling out its START-UP NY program for 

Dutchess County Industrial Development Agency: Audit criticisms are ‘unrealistic’

Poughkeepsie Journal

But it has also brought a pointed response from the Dutchess agency, suggesting that some criticisms from New York state Comptroller Thomas 


Two Islip, New York, Manufacturing Firms Plan Expansion Projects

Area Development Online

Two Islip, New York, Manufacturing Firms Plan Expansion Projects According to Islip Industrial Development Agency, the firm plans to renovate its 

New board member named at Niagara County IDA

Business First of Buffalo

Jerald Wolfgang, the director of the Western New York Regional Education Center for Economic Development, has been named to the board of the Niagara County Industrial Development Agency. Wolfgang, a Lewiston resident, fills 

Mortgage company expanding, adding 249 jobs


County Industrial Development Agency and qualifies for up to $1.5 million in performance-based New York State Excelsior Jobs Program tax credits.

Catsimatidis to turn grease into gold with Greenpoint biodiesel plant

The New York World

Metro Fuel Oil had been granted $10 million in bond financing and other benefits from the New York City Industrial Development Agency in 2007 to 

Jerald Wolfgang appointed

Niagara Frontier Publications

Jerald I. Wolfgang, director of the Western New York Regional Education Center for Economic Development, has been appointed a member of the Niagara County Industrial Development Agency. The NCIDA provides a variety of 

Geneva IDA to make decision on adding to Main Street grant

Finger Lakes Times

the city’s New York Main Street grant will be made at the 8 a.m. Tuesday meeting of the Geneva Industrial Development Agency Board of Directors.

NCIDA: Henry Sloma elected chairman of the board of directors

Niagara Frontier Publications

The Niagara County Industrial Development Agency board of directors today elected Henry M. Sloma as chairman of the board at the agency’s annual 

Roth Steel closed owing county development agency $60000

The Post-Standard

of Roth Steel has left the Onondaga County Industrial Development Agency OnTrack’s operator, Cooperstown-based New York, Susquehanna 

Links Roundup – LDCs

March 25, 2014

State agency awaiting audits from Joseph Davis State Park group

Niagara Gazette

Niagara Gazette — The New York State Authorities Budget Office is still waiting for annual audits and budget reports from a local development corporation created to oversee operations at Joseph Davis State Park. Earlier this year 

 Now the work begins

The Warwick Advertiser

In the recent transfer the Warwick Valley Local Development Corporation paid $3.5 million for a 150-acre parcel of great location,” he said, “Empire State Development will be offering economic incentives through New York State.