Comptroller Release Report on Industrial Development Agencies

June 3rd, 2019

Comptroller DiNapoli released his annual report on Industrial Development Agencies (IDAs) and their activity within the state. The report showed IDAs provided approximately $1.4 billion in total tax exemptions to 4,385 projects in 2017. These exemptions were partially offset by $642 million in payments in lieu of taxes (PILOTs).
Through 2017, active IDA projects produced a net total of 198,522 jobs gained since their inception, with nearly two-thirds (2,912) of projects resulting in net jobs gained.

Outside of New York City, IDAs in 2017 reported:

All seven upstate regions had net job gains over the life of their active projects, with the Capital District adding the most (22,987). Long Island led the downstate regions with nearly 47,000 jobs created;

Long Island continues to lead the state in net job gains, once again accounting for approximately 24 percent of the statewide total;

For the second straight year, the Long Island (809), Finger Lakes (742) and Western New York (720) regions had the largest number of projects;

The Mid-Hudson ($175 million) and Long Island ($153 million) regions had the highest net tax exemptions;

The Mohawk Valley ($24 million) and North Country ($7 million) regions had the lowest net tax exemptions; and

The Capital District ($76) and Mid-Hudson ($75) regions had the highest net tax exemptions per capita.