News: Long Island

L.I. Manufacturer’s Symposium to be held on November 27 in Melville

Melville, NY The 2018 Long Island Manufacturer’s Symposium will be held on November 27th at the Melville Marriott, 350 Walt Whitman Rd. This full-day symposium will bring together manufacturers from Long Island and introduce them to the various resources that exist through NYSTAR and across New York State. Breakout session topics include: Manufacturing Extension Partnerships (MEPs), the Centers for Advanced Technology (CATs), the Centers of Excellence (COEs), state and federal funding programs, and workforce development resources.

The registration fee is $75 and includes lunch and beverage breaks.

The town of Brookhaven and NYS Economic Development Council  were pleased to work with Islip IDA’s Bill Mannix and all of Long Island’s IDAs to craft an Op-Ed detailing the results of NYS Comptroller Tom DiNapoli’s state-wide IDA performance report. Among the Comptroller’s findings are:

• In 2016, net tax incentives awarded by Long Island’s IDAs totaled $124.7 million, less than .001% of all property taxes collected on Long Island.

• Those incentives leveraged more than $12 billion in private capital investment

• IDA incentives also resulted in the creation or retention of more than 100,000 jobs.

To register, visit: www.nysedc.org/event/2018-long-island-manufacturers-symposium/

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Columns and Thought Leadership
The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.