Study: NCIDA is No. 2 in tax exemptions for developers

Posted on March 21, 2013

The Niagara County Industrial Development Agency offers more tax exemptions than every IDA but one outside of New York City, according to a three-year statewide review.

The state’s Authorities Budget Office says the NCIDA offered tax exemptions totaling $147.5 million in its assistance packages for developers between 2008 and 2011, as reported in the Tonawanda News.

Only the Town of Hempstead on Long Island offered a greater volume of exemptions, $174 million.

Scott Kiedrowski, the chairman of the NCIDA, issued a statement in response to the report.

“The Niagara County Industrial Development Agency has been a catalyst in assisting companies to not only stay in the region but also to expand their operations as well as our efforts to bring in new investment,” he said. “We are proud of our work and look forward to continuing to help Niagara County grow and prosper.”

The Authorities Budget Office did not offer an opinion on the level of exemptions offered by IDAs across the state.

Staff, Business First.