News: Long Island

Smith of H2M named trustee of the American Council of Engineering Retirement Trust (ACEC RT)

According to H2M architects + engineers, Gregory Smith, CPA has been named trustee of the American Council of Engineering Companies Retirement Trust (ACEC RT). Smith is the CFO of H2M. Smith's term as trustee will begin on October 1. He will be serving ACEC RT's Region 2, which includes New York, Pennsylvania, Ohio, Indiana, Michigan and northern Wisconsin. "I am deeply honored to be selected as one of seven trustees across the United States," Smith said. "I look forward to contributing to the organization and making a positive impact." In his 28-year tenure with H2M, Smith has worked his way from controller to CFO. He is a member of the firm's board of directors and also serves as a trustee of its 401(k) plan. ACEC Retirement Trust provides a full spectrum of investment options and retirement plan services for ACEC members and oversees a program that provides retirement plan services for participating ACEC members. Its objective is to deliver positive retirement outcomes for its member companies and their participants. To accomplish this objective, the Trustees and their highly credentialed experts work to develop customized solutions ACEC consists of council members - numbering more than 5,000 firms representing more than 500,000 employees throughout the country - that are engaged in a wide range of engineering works that propel the nation's economy, and enhance and safeguard America's quality of life. These works allow Americans to drink clean water, enjoy a healthy life, take advantage of new technologies, and travel safely and efficiently. The council's mission is to contribute to America's prosperity and welfare by advancing the business interests of member firms. Smith holds a B.S. in Accounting from St. John's University, and is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants. He resides in Dix Hills, with his wife, Kristin, and children, Patrick, Katie and Emily.
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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.