Nassau County
Industrial
Development
Agency
The LEADS Program
• Local Enterprise Assistance and Development Services
• The program serves as a clearinghouse for all economic
incentives, relief and programs available to small and mid-size
businesses at the federal, state, county, and local levels.
• The program creates a one-stop-shop for new and existing
businesses, helping them navigate through the difficult waters
of economic development and government regulation.
Financial Assistance for
Small Businesses
• Provides direct financial assistance and economic development services to
Nassau County’s small and mid-size business community;
• Connects Nassau businesses with our economic development partners: New
York State, LIPA, National Grid, S.B.A., and others;
• Assists in relationship building across sectors.
Sales and Use Tax Exemptions
• Provides a sales tax exemption letter to qualifying small
businesses that will assist them in purchasing furniture, fixtures
and equipment and making capital improvements and
renovations.
• Savings of 8.625% (State, County, and MTA) on up to $1,140,000
in CAPX.
Information Kiosk
• One-stop-shopping experience for any and all regulatory,
governmental and economic development questions a small
business may have;
• Professionally staffed;
• Answers within 24 hours.
• Contacts:
• Phone: (516) 571-1745
• Email: [email protected]
Sandy Business Recovery
Sales Tax Relief
• The LEADS program was amended to accommodate the needs
of small businesses looking to reopen after the destruction of
Hurricane Sandy.
• Offering Sales and Use Tax Exemptions fee free for businesses
to purchase equipment and renovation materials without
paying state and county sales tax.
Newsday Originally published: January 7, 2013 7:12 PM
Sandy Business Recovery
Businesses Helped
• Over 125 and businesses received Sales and Use Tax
Exemption Letters;
• Stimulated over $39 Million in spending.
• Saved businesses over $3 Million in Sales Tax.
Newsday Originally published: March 13, 2013 8:00 PM
Sandy Business Recovery
EcoDev First Responders
• Dozens of business professionals volunteered in the weeks
following Sandy and became “Economic Development First
Responders”;
• These “Economic Development First Responders” provided
guidance in filling out various state, local and federal relief
applications, and advocated for their businesses;
• Nassau County helped create a free Law Clinic at Hofstra
University Law School to assist businesses in transactional
legal matters resulting from Sandy;
• Nassau County provided up-to-the-minute info to businesses
through a dedicated website: www.nassaubackinbusiness.org
Inventors & Entrepreneurs Club
• The Club provides novice and seasoned entrepreneurs with
networking and brainstorming opportunities in a safe and
secure environment;
• With a primary goal of helping turn ideas into action, the Club
provides assistance in all aspects of the inventing process and
enable members to tap into critical resources;
• Fueled by monthly guest speakers, the organization provides
assistance to local inventors in each step of the innovation
process.
I & E Club Meeting Dates
Upcoming Meetings:
• Monday, July 8th
• Monday, September 9th
• Monday, October 7th
New York Times Published January 30, 2013
• All meetings will take place in the Ceremonial Chambers in the
Theodore Roosevelt County Executive and Legislative Building
located at 1550 Franklin Avenue, Mineola, New York. The
meetings will take place between 7:00pm – 9:00pm.
Contact Information
Nicholas T. Terzulli, Esq.
Director of Business Development
Nassau County Industrial Development Agency
Phone:
(516) 571-1945
Fax:
(516) 571-1076
Email:
[email protected]