TITLE

IDAs Missing the Mark

AUTHOR(S)
Cataldo, Adam L.
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/22/2006, Vol. 356 Issue 32386, p35
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the projects supported by industrial development agencies (IDA) in New York have failed to reach their job creation targets. According to state Comptroller Alan Hevesi, the IDA have not even tried to recover any of the aid provided for the projects. However, Hevesi issued a policy report that all projects under IDA should provide a standardized annual report for auditing, implementing all the provisions allowing companies to recover repayments.
ACCESSION #
20989590

 

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