Woodbury, NY James Tullo, deputy director of the Town of Brookhaven Industrial Development Agency, received a Long Island Business News (LIBN) Around-50 award, which honors those around age 50 who display leadership and vision in both their careers and in their communities.
The award was presented at a Sept. 29th dinner at the Crest Hollow Country Club. Other Long Island professionals from various industries, who also were honored, joined Tullo.
Tullo, considered by some as among the most visible advocates for Brookhaven’s economy, assists the IDA in recruiting new businesses to Brookhaven, helps businesses looking to stay and expand in the town and ushers businesses through the town’s approval processes.
“Jim’s wide range of experience in government has put him in a position to assist businesses in all areas. Jim has been involved in projects that have created thousands of jobs and have invested millions of dollars into Brookhaven’s economy,” said Brookhaven Town Supervisor Edward Romaine.
“Jim has all of the knowledge and skills needed to assist those commercial and industrial companies that want to move to, or expand their businesses within the town,” said Frederick Braun III, chairman of the IDA.
“The Town of Brookhaven is a better place because of the hard work and dedication of Jim Tullo.”
“Jim brings a unique firsthand knowledge of government polices and economic development strategies to the Town of Brookhaven IDA,” said Lisa Mulligan, CEO of the IDA and LDC.
Tullo has worked for the Town of Brookhaven for more than 25 years. In addition to having served as an elected town board member, he has worked in the Town Attorney’s office, Economic Development Division and was a member of the Accessory Apartment Review Board.
In addition to his professional endeavors, Tullo was a member of the Long Island Epilepsy Foundation and the Sacred Heart Knights of Columbus. He is currently on the board of directors of the Homeowners Association at Bretton Woods and is an active member of the New York State Economic Development Council membership committee.
A lifelong resident of Brookhaven Town, Tullo resides in Coram with his wife, Jennifer.
This year, the IDA has assisted 9 commercial projects including Rail Realty, an apartment complex in upper Port Jefferson Village, Crestwood, a milk distributor, and Meadows at Yaphank Phase 1, a mixed-use development in Yaphank. The Brookhaven IDA has 12 additional projects under consideration with the potential to create and retain 2,000 jobs and result in $225 million in investment to the community.
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.