eAdvance
Keeping NYSEDC members in touch and informed
| |
NYSEDC Releases New Report Highlighting Massive
Economic and Community Impact of IDA Investments
|
The New York State Economic Development Council (NYSEDC) has announced findings from a comprehensive report underscoring the substantial economic and societal contributions of Industrial Development Agency (IDA) investment across the state. IDAs create jobs, attract private investment, build housing, support clean energy projects, and revitalize downtowns.
Analysis of IDA projects shows a dramatic economic impact by creating over 1.2 million jobs, $133.6 billion in earnings and salaries, delivering over $12 billion in new tax revenue and $423.5 billion in annual sales. The benefits are clear: for every $1 of exemptions issued in 2022, IDA projects returned $6.20 in new annual tax revenue, generating significant economic benefits across New York State.
| |
IPPNY Spring 2025 Clean Energy Conference
Last week, Executive Director Ryan Silva spoke at the IPPNY Clean Energy Conference.
Silva and fellow panelists discussed New York's plans to build data centers and microchip manufacturing plants, as well as the energy solutions required to meet the huge increase in power demand. | See the conference agenda here.
| | | Special Thanks To Our Annual Meeting Sponsors! | |
NYSEDC | nysedc.org | 518.426.4058 | |
| | | |