Sentences with phrase «receiving ida»

And the employees who have sat on the IDA board don't make decisions about projects receiving IDA incentives in their work for the company, according to Corning's applications for tax breaks.

It also must disclose any claims or findings made against the company during the period it is receiving IDA tax breaks.

In addition, they estimate more than 700,000 full - time equivalent positions existed in 2011 due to projects receiving IDA assistance.

However, since those restrictions were lifted, there's been an increase of almost 200 percent in the number of retail projects receiving IDA assistance.

State officials are so confident that the IDA will give tax breaks to hotel projects that their economic analysis assumes that developers will receive IDA subsidies — even if they haven't yet applied for them.

Not exact matches

And whereas IDA sales tax abatements typically cover the costs of construction materials and equipment purchased to initially outfit the building, Yahoo will receive the tax exemption on equipment purchases for 20 years.

Merani and Strangio have received tax breaks worth a combined $ 9.2 million from the Niagara County IDA.

COR received $ 44 million in tax exemptions from the Onondaga County IDA.

Instead, the cost of operating the IDA is paid primarily by those businesses that benefit from the economic development services they receive: the ECIDA collects fees from the businesses we enter into contracts with.

School officials say the IDA did not give them the exact amount they would receive, so they estimated it at 50 percent based on previous agreements.

This provision would prohibit IDAs from abating the state sales tax on a project unless that project is eligible to receive Excelsior Jobs tax credits.

The policy also gives the IDA the ability to randomly check companies that receive tax breaks to see if they are complying with the equal pay policy.

The IDA likely will conduct audits on 15 percent to 20 percent of the companies that receive tax breaks in a given year, which typically would result in three to four audits annually, Poloncarz said.

The pay equity policy, pushed by Erie County Executive Mark Poloncarz, is intended to make sure that companies receiving tax breaks through the Erie County IDA are complying with existing laws requiring that men and women receive equal pay for similar work.

Critics, however, said the policy goes too far by making companies receiving tax breaks subject to random audits by the IDA that would require the firms to disclose payroll data that would allow the agency to determine whether it was meeting the pay equity standard.

The policy makes the Erie County IDA the most aggressive in the state in pushing companies receiving tax breaks to comply with pay equity rules.

Under the IDA's new policy, companies receiving tax breaks beginning in September must certify that they are complying with all federal and state equal pay laws and that they have not been found to have violated those laws within the past five years.

The IDA board unanimously approved the $ 6.7 million project after delaying action on the plan last month when Buffalo Mayor Byron W. Brown protested that the city did not receive sufficient advance notice of the company's plan to move.

That ran contrary to the opinion of the IDA's staff, which did not recommend that the project receive tax breaks, noting that the 400 block of Main Street had been extensively redeveloped and that they didn't consider further tax breaks necessary.

The new policy received unanimous approval by the agency's board at its May 20 session and will be forwarded to all IDAs in Erie County with the goal of uniform application and compliance.

The IDA does not receive any public funding and operates solely from the fees it generates.

receive state grants, while the IDA has granted tax abatements to around half the company's properties in the Corning area.

A report from the Center for Governmental Research in Rochester found that between 1979 and 2015, the 370 companies that received Amherst IDA tax breaks helped increase the town's tax base by roughly $ 570 million, while creating 25,600 jobs that paid, on average, nearly 50 percent more than the typical job in the Buffalo Niagara region.

The regional council has recommended that Corning receive state grants, while the IDA has granted tax abatements to around half the company's properties in the Corning area.

The company's projects, mostly research facilities and manufacturing plants, received $ 30 million in tax breaks between 2009 and 2014 — almost 40 percent of the value of all abatements the IDA gave out in that time.

Company representatives insist that the projects currently receiving tax breaks would never have gone ahead in Steuben County without help from the IDA.

The Saratoga Partnership refunds to applicants the fees it receives for processing IDA applications — the only economic development organization in the Capital Region that does so — as a way of further supporting economic development and job growth.

I just received the complete meeting package for the 9-6-2017 meeting of the New Rochelle IDA and slides with renderings.

Standing in front of a liquor store that received tax breaks to move a few miles down the road, Assemblyman Sean Ryan (D - Buffalo) calls for IDA reform.

The Look of Silence (2016 Academy Award Nominee for Best Documentary) premiered at the Venice Film Festival, where it won the Grand Jury Prize and the FIPRESCI award, and went on to receive another 70 prizes, including an Independent Spirit Award, the IDA Award for Best Documentary Feature, a Gotham Award, and three Cinema Eye Honors.