Mineola, NY – Nassau County Executive Laura Curran announced a series of reforms for the Nassau County Industrial Development Agency (IDA) that will increase transparency, better measure projects that receive IDA benefits and put communities first.
“I look forward to working with the IDA Board - both my new appointees and members already serving - to move the IDA forward with a new mission of transparency,” said Curran. “The bottom line is Nassau County needs to attract and keep businesses to grow the tax base.”
“I’ve always said IDAs can be a great economic development tool, and we just need to ensure policies and practices are in place that benefit the communities these projects are designed to support,” said Curran.
Curran also announced that she would form a taskforce to explore synergies between the Nassau and Town of Hempstead IDAs in an effort to take a more regional approach to economic development.
“It makes perfect sense to how we can cooperate in a more efficient and substantive way in attracting new business without forgetting the needs of the community,” said Curran.
Curran said amongst the reforms she would recommend to the IDA Board for consideration include:
In addition, Curran said she will also review closely the findings of an audit of the IDA presently being undertaken by the office of Nassau County Comptroller Jack Schnirman, and may recommend additional reforms based on the results of the audit.
“Real reform of the IDA will take the efforts of many,” said Curran. “I am looking forward to working with the IDA Board of Directors and Executive Director to implement these changes.”