News: Brokerage

Struck named Rockland Economic Development Corp. president and CEO

Richard Struck, Rockland Economic Development Corp. Richard Struck, Rockland Economic Development Corp.

Pearl River, NY The Board of Directors of Rockland Economic Development Corp. (REDC) has appointed Richard Struck its new president and CEO. Struck has served as interim president since October 2015 and previously served for 30 years as director of economic development for Orange and Rockland Utilities, Inc.

REDC board chairman Stephen Coyle said, “Rick Struck has provided REDC with great energy, insight and stability during his five months as interim leader of the organization. We look forward to Rick continuing his collaborative, focused style of leadership. His dedication to the task and his firm roots in Rockland County should help yield positive economic development results for the county.”

During his O&R tenure, Struck was a key player in regional economic development. He helped attract or expand over 150 businesses which created 18,000 new jobs, filled 16 million s/f of industrial and office space and added over $24 million in annual business tax ratables throughout O&R’s 3- state, 6-county service territory.

“I am excited to take on the challenge of improving the Rockland economy,” Struck said. “Rockland needs a united front to bring new businesses and jobs here, in a very competitive metro New York region.

“REDC will work closely with county executive Ed Day, his office of economic growth, the county legislature, local officials, the Rockland IDA, RBA, O&R, Empire State Development and other key resources to attract positive attention to Rockland County. We have a great pro-business team in Rockland and together we can make a great future for the people and businesses here,” Struck said.

Struck’s business and community service includes serving over the years on the Boards of Directors of the Rockland Business Association, the Workforce Investment Board, the Rockland Industrial Development Agency, the Rockland Center for the Arts, the Hudson Valley Economic Development Corp., Hudson Valley Pattern for Progress, Good Shepherd Lutheran Church and several other local, regional and statewide organizations. Struck received a BA degree from Hartwick College in Oneonta, NY. He and his wife Jeanne have lived in Pearl River for more than 30 years.

REDC focuses on building Rockland’s economy by creating and attracting new businesses and retaining and expanding existing businesses to stimulate job growth. Its role is to coordinate local resources and the delivery of economic development services. Additionally, it houses the Procurement Technical Assistance Center (PTAC) that assists area businesses in obtaining government procurement contracts.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking