Long Island Real Estate Briefs: January 9, 2004

Summary

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In 2003, Empire State Development Corp. approved nine projects on Long Island that are expected to generate more than 1,500 jobs for the region, according to ESDC officials. ESDC provides economic assistance and service to businesses to attract jobs and investment to New York.

ESDC spokeswoman Debra Wetzel said projects, which include Interpharm Holdings Inc.'s acquisition of an Arrow Electronics facility in Yaphank in November, are projected to create 277 new jobs, retain an additional 369 jobs and indirectly create another 882 jobs in ancillary companies serving those awarded ESDC benefits.

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Long Island Real Estate Briefs: January 9, 2004

ESDC Chairman Charles Gargano said the organization's board approved a total of 98 projects state-wide that are expected to create 8,631 new jobs and retain 4,031 others. The economic ripple effect of those approvals is...

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