Nassau County Executive Edward P. Mangano today announced that the Nassau County Industrial Development Agency (IDA) has approved economic development compacts that pave the way for development of Resident Inn by Marriott extended stay hotels at Roosevelt Field in Garden City and at the Milleridge Inn in Jericho.The projects, proposed by separate developers, together would create 200 full-time-equivalent construction industry jobs, 75 full-time equivalent permanent jobs, generate total economic benefits of $64 million and $19.5 million in new tax revenues for the affected taxing jurisdictions.“These are important hotel projects for Nassau County at a time when there is heavy demand for hotel rooms. They will create new jobs for our residents, provide convenient places to stay for business people and visitors on extended stays and will generate millions in economic benefit for the community,” said County Executive Mangano.The economic development compacts, approved by the IDA board at a Sept. 27 meeting, are for:
“These hotels will bring in new tax revenues as they are being developed on vacant sites,” said IDA Executive Director Joseph Kearney.About the Nassau County IDAThe Nassau County Industrial Development Agency consists of a team of professionals whose mission is to promote the economic welfare and prosperity of Nassau County. It is a resource for businesses in Nassau County and those considering relocation. The IDA provides assistance to business interested in relocating, expanding and financing new investments. It has provided assistance to a wide range of companies, from Arizona Iced Tea and Sleepy’s Mattress to Cold Spring Harbor Labs and Grumman Studios. For more information, please visit www.nassauida.org or call (516) 571-1945.