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A new report from the New York State Comptroller's Office shows the Tompkins County Industrial Development Agency (TCIDA) performed better than the State average when it comes to using tax breaks to create or retain jobs.

On average, the IDAs gave out $3,424 in tax breaks per job created or retained. In 2016, the TCIDA created or retained 5,457 jobs, giving out just $1,544 in tax breaks per job.

The Comptroller's report covers 109 IDAs across New York State in counties, some towns and some cities. The Tompkins County IDA covers all the municipalities in the county. Tompkins County worked with 55 projects totalling $703,095,379, estimated to create 1,378 jobs. Total tax exemptions granted came to $8,014,894 with $4,441,937 woth of PILOT (Payment In Lieu Of Taxes) agreements. The COmptroller's Office reports that 4,079 jobs are expected to be retained as a result of the agreements, with the IDA spending an average of $136 per job for a total of $315,694.

Tompkins County spent considerably less than the state average to produce more productive results. Total projects state-wide totaled 4,451 with a value of $95,633,597,925, estimated to create 234,038 jobs and retain an additional 311,166. Average expenses per job state-wide were $600, more than four times what Tompkins County spent to create new jobs. Tompkins County spent $5,740 per project, as compared to the state average of $28,143.

State-wide manufacturing project value topped the list, followed by service businesses, finance & real estate, miscellaneous categories, construction, civic facilities, wholesale businesses, transportation and utilities, retail, agriculture, and continuing care. Tax exemptions totaled $1.3 billion state-wide, with service industries receiving the most in total tax exemptions. 234,038 jobs are to be created from these projects, 311,166 retained, and 40,516 temporary construction jobs are expected to be created.

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