Category: Industrial development agency

State Budget Enacts Stricter Oversight Over Orange County IDA

May 3, 2023
Bill FioravantiIndustrial development agencyJames SkoufisNew YorkOrange County NYRegional & State NewsState NewsUS
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A state monitor will soon be hired to watch over the Orange County Industrial Development Agency (OCIDA) with powers to override board decisions. Proposed by New York State Sen. James Skoufis, the measure to install a monitor is in the $229 billion state budget passed by the legislature on May 2, nearly a month after the…

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County IDA Responds to Stricter Oversight Proposed by Sen. Skoufis

March 16, 2023
Bill FioravantiIndustrial development agencyJames SkoufisNew YorkOrange County NYPolicies & ImpactsRegional & State NewsState NewsUSUS News
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An Orange County IDA top official says the agency is already under sufficient state oversight and needs no more from New York State Sen. James Skoufis.  Bill Fioravanti, chief executive officer at the county’s Industrial Development Agency (IDA), said the agency reports to the New York State Authorities Budget Office and Comptroller’s Office and operates within the General…

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New York Sen. James Skoufis Launches Investigation into Orange County Industrial Development Agency

February 24, 2023
goshenIndustrial development agencyJames SkoufisNew YorkOrange County NYRegional & State NewsState NewsUS
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A new tax incentive package meted out by Orange County Industrial Development Agency triggered an investigation by Sen. James Skoufis (D-N.Y.) on Feb. 22.  The Industrial Development Agency, or IDA, is a public benefit corporation empowered by state law to use tax incentives to spur economic development and job growth.  In December, the Orange County…

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