Report: Value of IDA Projects Increased Nearly 50% Over Past Decade
June 29, 2021ALBANY—Industrial Development Agencies (IDAs) in New York State reported 4,320 active projects valued at $109 billion for 2019, a 3.3%, or $3.5 billion, increase in project values from 2018, while net tax exemptions totaled $796 million in 2019, compared to nearly $784 million in 2018. Project values have increased by 48% since 2009, while the…
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