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 IDA approved about $3 million in tax incentives for a longtime Goshen-based food manufacturer to expand its operations, despite the applicant saying the project would still carry on—though likely at a slower pace—even without the incentives.
To Skoufis, that amounts to giving away tax dollars to a business that doesn’t need them and doling out corporate welfare at taxpayers’ expense, according to a Feb. 22 press conference. …
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