IDAs Missing the Mark

Cataldo, Adam L.
May 2006
Bond Buyer;5/22/2006, Vol. 356 Issue 32386, p35
Trade Publication
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.


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