Schenectady IDA’s Score Well in New State Report
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NEWS RELEASE For Immediate Release
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Contact: Ray Gillen, Metroplex
(518) 377-1109
(518) 461-7137 (cell)
Schenectady IDA’s Score Well in New State Report
June 8, 2016, Schenectady, N.Y. — The Schenectady County Industrial Development Agency (IDA) and City IDA received solid rankings in the annual IDA performance report issued today by State Comptroller Thomas P. DiNapoli. Both IDA’s are administered by Metroplex as part of Schenectady County’s unified economic development team.
Metroplex Chair Ray Gillen said, “We thank the community volunteers on both the County and City IDA’s for their service. The Comptroller’s report shows that we are producing results and keeping administrative costs very low. We are especially proud of the fact that the Schenectady County IDA had the lowest administrative costs in New York State while having the 12th best job gain Upstate. We are also pleased that the City IDA had the 4th best job gain Upstate.”
Among 55 counties that were scored in the report, the Schenectady County IDA ranked:
#1 for lowest administrative costs per job gained at $10.
#16 for net job change statewide with 3,493 new jobs. In Upstate New York, Schenectady County ranked #12 among county IDA’s for net job change.
#10 for net exemptions (total cost of incentives per job) at $492 per job created.
Among 50 city and town IDAs statewide, the City of Schenectady IDA ranked
#17 for lowest administrative costs at $103 per job gained.
#11 for net job change with 2,188 new jobs. Among Upstate city and town IDA’s, Schenectady ranked #4 for net job change.
#16 for net exemptions (total cost of incentives per job) at $1,104 per job created.
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