A close adviser to Republican Nassau County Executive Edward Mangano has been named general counsel to Nassau’s Industrial Development Agency, which grants tax incentives to promote economic activity.
Monday was the first official day on the part-time job for that adviser, Edward Ambrosino, who is an attorney in private practice and a Republican councilman in the Town of Hempstead.
He said at an IDA board meeting in Mangano’s executive conference room that the agency would be “the most progressive in the state,” and that it has instituted several changes that should make it more effective.
Ambrosino is “of counsel” to Ruskin Moscou Faltischek, a Uniondale firm whose Web site describes him as “Chair of the firm's IDA and Municipal Development Incentives practice group as well as a member of the Real Estate and Zoning and Land Use Departments and the Municipal and Government Affairs Group.”
Under a resolution approved by the IDA board earlier this month, Ambrosino will be paid $350 per hour for his overall legal work for internal IDA matters, he said,. He will get a fee of one-tenth of one percent of any project for advising IDA on that specific project., he added. An $800,000 project, for example, would get him $800, he said.
There are 115 IDAs around the state — the Town of Hempstead has its own — and they have been criticized in the past for granting tax breaks that did little to create jobs — and for giving breaks to some firms that went on to actually cut jobs after they got the tax break.