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Hudson IDA votes for tax break criteria

Sep 22, 2022 1:03 pm

Roger Hannigan Gilson reports for the Times Union that the city of Hudson's Industrial Development Agency is changing how it awards tax breaks to new construction projects with a vote Sept. 21 to adopt new criteria focused on community benefits. The Hudson IDA was recently criticized for giving tax breaks to high-end hotels. That led to a series of public workshops about reimagining the way it gives tax breaks. Hudson Mayor Kamal Johnson, a member of the IDA, said, "We want to make sure that everything new has a direct benefit to the existing city." The new criteria for tax breaks include asking developers to provide well-paying jobs; to give workplace-advancement training to employees; to provide workforce housing; and to improve the environment and offer goods and services that will benefit the community. Proposed projects are awarded points based on those criteria, and scores determine if a project gets a tax break, and how much that discount is. Read the full story in the Times Union.

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