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Greene IDA under fire by NY State Comptroller

Mar 05, 2014 6:25 am
The Daily Freeman and Mid-Hudson News Network are reporting state Comptroller Thomas DiNapoli Tues., Mar. 4, said the industrial development agency in Greene County did not comply with job reporting requirements and failed to enforce job-creation goals at companies that received assistance. In a press release announcing the audits of agencies in Greene, Dutchess and Putnam counties, DiNapoli said the Greene County Industrial Development Agency had four of 10 businesses that failed to meet employment goals; entered contracts in which its own board members were suspected of having conflicts of interest; and inadequately analyzed the costs and benefits of proposed arrangements with businesses. The Greene audit, covering the period of January 2011 to September 2012, did not identify the four businesses by name but said collectively, they fell 242 positions short of job-creation goals. In response, Greene County Industrial Development Agency counsel Paul Goldman said the audit did not take into account a change in leadership at the agency and a restructuring of its Board of Directors. Read the full story in the Daily Freeman.