Peter Curry quoted in a Long Island Business News Article

September 22, 2016

LONG ISLAND IDAs:  Mysteries Unraveled

These headlines are the kind of news Long Islanders need: Best Market relocating its headquarters to space abandoned by Entenmann’s in Bay Shore.

Dealer track Technologies moving its headquarters to East Hills. High paying jobs stay on Long Island in what amounts to a $100-plus million project.

WAC Lighting bringing design and engineering jobs to Port Washington.

Not only do these events help transform economic development on Long Island, they also share a common denominator: Their local industrial development agencies offered support so the companies could anchor into the region.

Helping to make these benefits happen are the local real estate attorneys who specialize in IDA deals. With their expertise, business owners can understand where to turn for support and how to navigate challenges.

That includes evaluating if it’s worth their while to apply for any assistance. These include obtaining sales-tax exemptions, mortgage-tax exemptions, or the abatement of property taxes that are phased in over time.

For the full article please download the pdf.

Reprinted with permission from LIBN, Sept. 2-8, 2016 |Vol. 63 | No. 36 issue.

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