ORANGE COUNTY, N.Y.—The Orange County Industrial Development Agency is investigating why some companies receiving tax benefits are failing to meet their job creation promises and considering new policies to push underperformers to improve.
Industrial Development Agency CEO Bill Fioravanti said at a Governance Committee meeting on Nov. 17 that 32 of the 39 companies, referred to as projects, receiving tax benefits from the development agency reached their job creation goals at some point over the last 10 years, and four more projects have come within 10 percent of their goal in the same time.
The promised number of full-time employees a company promises to have is a major part in deciding whether the project will receive tax benefits from the development agency….