Monday, March 5, 2012

IDAS CAN HELP NEW YORK STATE, CAPITAL REGION COMPETE.(PERSPECTIVE)

Well, there you go again. The Times Union editorial of May 6, (IDAs: How Good Are They?) misses the mark by a country mile. You claim the "trouble" with IDAs is "... there is no sure way to tell if IDA assistance is a make-or-break matter for a company ..." The Keycorp project in Corporate Woods where the bank's credit card operations are being consolidated, is cited as a project that would have happened anyway. That's what New York City thought in 1982 when Citibank consolidated its credit card operations in South Dakota, taking 600 jobs with it.

The point is that this type of project, which relies heavily on computer technology, could locate anywhere in the …

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