Nassau County has announced a deal to keep a small company from moving out of state. The arrangement allows the firm to relocate from Mineola to Hicksville.
County Executive and the announced Wednesday a financial compact with., which provides back-office legal services.
Mangano's office described the firm as "a small company with big growth prospects that had considered shifting seven jobs out of state."
The deal will allow the Mineola company to purchase and renovate a 5,000-square-foot building at 801 S. Broadway in Hicksville. It intends to move seven current jobs and create six new jobs within three years after construction is completed. Three full-time-equivalent construction jobs also will be created, Mangano's office said.
The move raises the question about the IDA's role in Nassau economic development: Simply put: What else could the IDA be doing to attract and retain jobs in Nassau?
Industrial development agencies are special governmental agencies designed to finance business operations and relocaton efforts, offering help with loans and tax credits.
What are your thoughts? What industries should the IDA be targeting? Do you have an idea for major job growth right here on Long Island?
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