Agency Name
Economic Development Corporation
Service
Ensure businesses, investors, and employees have confidence in New York City.
Goal
Strengthen business confidence and the City's competitive position to help grow the City's economy.
Indicator
Projected net City tax revenues generated in connection with closed NYCIDA contracts ($000,000)
Source
Compliance & Strategic Investments Group
Description
The net present value of the estimated City tax revenues generated by closed New York City Industrial Development Agency (NYCIDA) projects, net of New York City and New York State benefits provided. The measure uses an input-output model developed by the U.S. Department of Commerce. The data is extrapolated in the year that the transaction closes and reflects the total City tax revenue impact of these projects during the term of the contract. NYCIDA is a state public benefit corporation created under New York State law with the capacity to provide financial assistance to commercial, industrial and, until January 31, 2008, not-for-profit organizations.
Createdon
2013-01-10T17:43:00.000
Reporting Period
Fiscal Year
Measurement Type
Currency
Valuedate
2025-10-01T00:00:00.000