IDA projects on LI have created 40,700 jobs, DiNapoli says
June 21, 2022 5:00 am
Long Island ranks No. 2 behind New York City in the number of jobs created by industrial development agencies, according to a new report.
The office of state Comptroller Thomas P. DiNapoli found 40,697 people had been added to local payrolls as of Dec. 31, 2020, by expanding businesses, housing developments and other projects that were awarded tax breaks by the Island’s eight IDAs in recent years. That’s 24% of the 167,984 jobs created statewide by IDA projects.
In New York City, IDA projects had added 43,314 jobs as of the end of 2020. It was the first time in five years that the city edged out Long Island in terms of IDA-related job growth.
Locally, Suffolk County IDA projects hired the most people, 14,246, followed by Nassau County IDA projects with 9,909. The two trailed only the New York City IDA in terms of job creation across the state.