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Mangano seeks federal grants for Nassau businesses
Nassau County Executive Edward Mangano Tuesday called for federal grants to help businesses recover from superstorm Sandy.
Mangano told a meeting of the Long Island Business Council that some companies cannot afford to take on more loans -- the form of federal aid being offered to businesses -- after borrowing to reopen after Tropical Storm Irene.
"We are hearing from some businesses that cannot afford another loan," Mangano told about 60 people at Molloy College's satellite campus at Republic Airport in East Farmingdale. "So, we have asked for extraordinary out-and-out grants to assist our recovery here."
The grants would come from $4 billion in federal funds being sought by Nassau. The request is part of the $60 billion sought by President Barack Obama from Congress.
Mangano said Tuesday he was hopeful that congressional leaders would recognize Nassau's need and past contributions to the federal treasury.
Photo: Nassau County Executive Ed Mangano speaks to members of the Long Island Business Council during a meeting at the Molloy College's satellite campus overlooking Republic Airport in East Farmingdale. (Dec. 11, 2012)