Apr 17, 2023

IDA projects on LI created 43,923 jobs, DiNapoli says

Long Island ranks No. 1 among the state’s 10 regions in the number of jobs created by industrial development agencies, according to a new report.

The office of state Comptroller Thomas P. DiNapoli found 43,923 people had been added to local payrolls as of Dec. 31, 2021, by expanding businesses, housing developments and other projects that were awarded tax breaks by the Island’s eight IDAs in recent years. That’s one-quarter of the 177,164 jobs created statewide by IDA projects.

The ranking represents a return to the norm for Long Island. The region placed first in job creation in the state for five consecutive years before being displaced by New York City in 2020.

Among local IDAs, projects supported by the Suffolk County IDA hired the most people, 13,660, followed by Nassau County IDA projects with 11,724. The two trailed only the New York City IDA in the number of jobs created across the state.

Read more at Newsday…