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Get to know Job Development Authority NY

The New York Job Development Authority (JDA) was established in 1961 as a public benefit corporation to foster economic growth within New York State. Its primary mission is to promote, encourage, and develop the general prosperity and economic welfare of the people of the state by creating and retaining jobs. JDA achieves this by providing low-cost financing to businesses and non-profits through various programs, including direct loans and loan guarantees, often in partnership with commercial banks and other lenders to support projects that might not otherwise secure conventional financing. It operates under the umbrella of Empire State Development (ESD), New York's chief economic development agency.

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Job Development Authority NY

United States

Founded in

1962 (64 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.