A report released this week by the state Authorities Budget Office shows the County of Monroe Industrial Development Agency is a pace-setter in economic development, Monroe County Executive Maggie Brooks said Thursday.
COMIDA led New York’s IDAs with 33 new projects and 1,396 new jobs in 2012.
Its projects more than doubled the second-best total of 16 by the New York City IDA. Its jobs created was six times more than the NYCIDA’s 206.
“For years, we’ve said that all eyes are on Monroe when it comes to creating jobs and growing our economy, and this new report show the eyes of the entire state certainly are on our IDA in the areas that matter most: new projects and new jobs,” Brooks said in a statement.
COMIDA has created 17,000 jobs, retained 76,000 jobs and invested $4 billion in the local economy since Brooks was sworn in as county executive in 2004, she said.
COMIDA ranks second among county IDAs in exceeding initial job projections for projects approved in 2008 and still active in 2012. The 31 projects approved in 2008 were projected to create 198 jobs and have resulted in 902.
The differential of 704 is second to the Saratoga County IDA, whose one 2008 project has resulted in 1,900 jobs, surpassing by 710 the original projection of 1,190.
The Geneva, Ontario County, IDA ranks first in exceeding expectations, the ABO report shows. The Geneva IDA approved one project with no new jobs originally estimated. The project has resulted in 710 new jobs.
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