A soon-to-be-built winery in Goshen rekindled a local discussion on the very agency that had waived almost $32 million in taxes for the new project.
Orange County Industrial Development Agency, or IDA, is a public benefit corporation under New York state law with unique authority to attract new businesses into the county with tax incentives.
IDA in August approved nearly $32 million in property taxes, sales taxes, and mortgage recording taxes for Royal Wine Corporation, which sought to build a kosher wine manufacturer off Route 17M over the next two years.
State senator James Skoufis told The Epoch Times, “This may be the most egregious, worst tax break ever issued by the Orange County IDA, and the reason for that is one of math. It is very simple.”…