News: Long Island

LIDC/LISBAC funds minority/veteran-owned Elite Construction

Shown (from left) are: Reed and Roz Goldmacher, LIDC CEO. Shown (from left) are: Reed and Roz Goldmacher, LIDC CEO.

Westbury, NY Long Island Development Corp. (LIDC)/LISBAC has funded a minority/veteran-owned business. Elite Construction of NY is a full-service minority/veteran owned project management firm headquartered on Long Island.   Its clients are commercial (government, businesses, institutional). Since 2011, they have managed several high profile commercial, educational, institutional, retail development and sports projects. Principal, Michael Reed and co-founder Eze Small have over 35 years experience in the industry working for such major construction companies as Turner Construction (one of the nation’s biggest construction companies) and Triton Construction (a premier builder in NYS). Certifications include NYSMBE, NYSDOTDBE, NYCMBE, NCMBE, PANYNJMBE, VETERAN owned (federal level-certification done through Dept of Veteran Affairs); certified construction manager (through Construction Mgt Assoc of America- there are only 2600 in the U.S.) Recently the company has received certification as minority owned and veteran owned by New Jersey.  The purpose of this loan is to provide start up working capital to support an upcoming project at New York University (NYU). 

MORE FROM Long Island

Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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.