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.