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Posted: December 22, 2014
Joseph Kearney, Nassau County IDA
What was your most notable project, deal, transaction or personal achievement in 2014?
For the Nassau County IDA, an economic development compact that will keep Dealertrack Technologies Inc. on Long Island was the agency's most-notable transaction of 2014.
The compact, which includes a 15-year PILOT program and sales tax and mortgage-recording tax abatements, will allow Dealertrack to relocate from Lake Success to a new, $112 million, 233,000 s/f headquarters building in North Hills.
The company had been courted by Texas, Utah, Florida, New Jersey and South Carolina.
The two-year project is expected to create 522 construction jobs, retain 367 existing jobs and create 357 additional jobs at the company.
which provides computer services for automobile dealers. The average annual salary at the company, exclusive of benefits, is $96,000.
New York's Empire State Development Corp. also provided incentives.
X-Cell-III Realty Associates LLC, a joint venture of Castagna Realty of Manhasset and Tritec Development of East Setauket, are the owners of the new Dealertrack HQ.
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