Suffolk Economic Development Corp. looks to do more deals
The Suffolk County Economic Development Corp. will hire a consultant to expand its bond financing activity on behalf of hospitals, nursing homes and other not-for-profits.
The corporation's board unanimously approved a resolution last week "to engage a special adviser to explore new business opportunities and strategies."
The corporation was established by the county several years ago after New York State barred industrial development agencies from aiding not-for-profit groups with tax-free bond financing.
Joanne Minieri, chairman of the four-member board, said the county wants the corporation to be more aggressive in pursuing deals.
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Get ready for sun and fun with NewsdayTV's summer FunBook special! From celebrating America's 250th birthday to a new ride at Adventureland, NewsdayTV's Elisa DiStefano and Newsday lifestyle editor Meghan Giannotta have your inside look at Newsday's summer FunBook.
