New IDA Report Shows that Schenectady IDAs Keep Costs Low While Adding Jobs
Schenectady, N.Y. — The Schenectady County Industrial Development Agency (IDA) and City of Schenectady IDA both scored well in the Annual Performance Report on New York State’s IDAs issued today by State Comptroller Thomas P. DiNapoli. Both IDAs are administered by Metroplex as part of Schenectady County’s unified economic development team.
Metroplex Chair Ray Gillen said, “The Comptroller’s report shows that our economic development efforts are among the least costly in New York State, yet we continue to demonstrate strong results in terms of job creation.”
Among 51 city and town IDAs statewide, the City of Schenectady IDA ranked:
#12 for lowest expenses per job gained at $173.
#10 for net exemptions per job gained at $1,658.
#4 of Upstate cities and towns for net jobs added at 2,722.
#10 statewide for net jobs added at 2,722.
Among 56 county IDAs statewide, the Schenectady County IDA ranked:
#2 for lowest expenses per job gained at $59.
#20 for net exemptions per job gained at $2,393.
#21 of 53 Upstate counties for net jobs added at 1,143.