Let’s Set the Record Straight About IDAs
The BCW made its voice heard last week in a letter to the editor taking exception to a report in the Journal News/Lohud on the role that Industrial Development Agencies (IDAs) play in spurring economic growth and creating jobs. The series “Taxed Off” looked at tax exemptions and how they impact the regular taxpayer. While the report’s research was laudable, it painted an inaccurate picture of the true impact of IDA incentives. In the letter, the BCW pointed out that over the past six years the Westchester County IDA approved incentives for some 60 projects that resulted in creating 7,500 construction jobs, 4,600 permanent jobs and retained 6,300 jobs. Additionally, the county’s Local Development Corporation (LDC) has approved $765 million in tax-exempt financing for 15 not-for-profits including four hospitals, two senior housing facilities and Pace University. Taking a stand on issues of importance to our economy is yet another example of the type of advocacy that the BCW provides and the importance of adding our voice to the mix.[fusion_button link=”http://www.lohud.com/story/opinion/readers/2016/11/03/taxed-off-series-draws-questions/93172612/” color=”default” size=”” stretch=”” type=”” shape=”” target=”_self” title=”” gradient_colors=”|” gradient_hover_colors=”|” accent_color=”” accent_hover_color=”” bevel_color=”” border_width=”” icon=”” icon_position=”left” icon_divider=”no” modal=”” animation_type=”0″ animation_direction=”left” animation_speed=”1″ alignment=”” class=”” id=””]Read Full Story[/fusion_button]Similar News Items
The Business Council of Westchester (BCW) hosted its exclusive VIP Member Summer Reception on Tuesday at the Trump National Golf Club Westchester in Briarcliff Manor. The elegant gathering brought together approximately 125 guests for an evening of networking and connection amid the stunning Trump National Golf Club Westchester. Attendees enjoyed the club’s renowned five-star private […]
BCW Member Community Housing Innovations (CHI), a nonprofit dedicated to housing solutions, will be offering practical and financial assistance to first-time home buyers at its 2025 Homeownership Expo to be held tomorrow at the Sonesta Hotel in White Plains from 11 am to 3 pm. Prospective homeowners or those who already own a home but […]
In a historic milestone that was 15 years in the making, officials from Yonkers, New York State, Westchester County, U.S. Department of Housing and Urban Development and the NYS Homes and Community Renewal on Wednesday joined with the Mulford Corporation, The Community Builders (TCB) and BCW Member Yonkers Housing Authority to celebrate the groundbreaking for […]
Become A Member
Join the county’s largest and most influential business organization today.
JOIN NOW!
Leave a Comment
You must be logged in to post a comment.