{"id":2030638,"date":"2023-09-13T14:13:02","date_gmt":"2023-09-13T18:13:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/orange-county-ida-executive-bill-fioravanti-talks-shovel-ready-initiative\/"},"modified":"2023-09-13T14:17:12","modified_gmt":"2023-09-13T18:17:12","slug":"orange-county-ida-executive-bill-fioravanti-talks-shovel-ready-initiative","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/orange-county-ida-executive-bill-fioravanti-talks-shovel-ready-initiative\/","title":{"rendered":"Bill Fioravanti, Executive of Orange County IDA, discusses the Shovel-Ready Initiative."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Forange-county-ida-executive-bill-fioravanti-talks-shovel-ready-initiative%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2030638&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div data-post-content=\"true\" class=\"post_content\" id=\"post_content\">\n<h2>A New Program to Boost Shovel-Ready Sites in Orange \u2064County<\/h2>\n<p>A\u2064 new program by the Orange County Industrial\u2064 Development Agency (OCIDA) aimed at boosting the number of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/orange-county-ida-executive-bill-fioravanti-talks-shovel-ready-initiative\/\" title=\"Bill Fioravanti, Executive of Orange County IDA, discusses the Shovel-Ready Initiative.\">shovel-ready sites recently\u200d concluded<\/a> its phase one work, \u2063according to Executive Director Bill \u2064Fioravanti.<\/p>\n<p>The \u2063preliminary work, \u200ccarried\u2062 out by Delaware Engineering, led to the\u2062 discovery of about a\u2063 dozen top sites out of a candidate pool of over a hundred \u2064across the county.<\/p>\n<p>Mr. Fioravanti said \u2064the next step would\u200c be\u2062 for a select committee to pick one or\u200d two sites for \u200bhis \u200dagency to buy \u2063and get them ready to lure premium businesses.<\/p>\n<blockquote>\n<h3>Related Stories<\/h3>\n<ul>\n<li>\n        <a href=\"http:\/\/www.theepochtimes.com\/us\/orange-county-idas-controversial-accelerator-program-down-to-2-tenants-5324526\">Orange County IDA\u2019s Controversial Accelerator\u200c Program Down to\u200c 2 Tenants<\/a><br \/>\n        <span class=\"text-comp-caption\">6\/9\/2023<\/span>\n      <\/li>\n<li>\n        <a href=\"http:\/\/www.theepochtimes.com\/us\/orange-county-to-add-bikeway-vision-to-comprehensive-plan-5481430\">Orange County to Add \u2063Bikeway Vision to\u2062 Comprehensive Plan<\/a><br \/>\n        <span class=\"text-comp-caption\">8\/27\/2023<\/span>\n      <\/li>\n<\/ul>\n<\/blockquote>\n<p>\u201cI\u2019m\u200d talking about <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-f-35-just-showed-the-world-that-russias-su-75-is-a-joke\/\" title=\"The F-35 Just Showed the World That Russia\u2019s Su-75 Is a Joke\">high-tech projects<\/a>, such\u2062 as chip manufacturing; they need a lot of water, a lot of sewer capacity, and abundant \u200dpower,\u201d he said.\u200c \u201cWe will\u2062 get the sites ready to accommodate those so that \u200bbusinesses\u2064 can literally shovel in the\u2063 ground within six\u2063 to nine months when they come in.\u201d<\/p>\n<p>Money for \u2063the site purchase will come from the agency\u2019s fund balance, currently at around $12 million, mostly from fees paid by businesses granted tax incentives, \u200daccording to\u200b Mr. Fioravanti.<\/p>\n<p>The\u200d OCIDA has the \u200clegal power to grant tax benefits to spur economic\u2064 growth and funds its entire operation via applicant fees.<\/p>\n<p>For example, the Legoland developer\u200b paid the agency\u200c about $2 million in closing fees after\u200d being <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/swiss-billionaire-backed-dark-money-group-poured-millions-into-biden-allied-groups\/\" title=\"Swiss billionaire-backed dark money group poured millions into Biden-allied groups\">granted tens<\/a> of millions of property tax, sales tax, and mortgage recording tax benefits, Mr. \u2063Fioravanti said.<\/p>\n<p>\u201cWe are not \u2064here to stockpile cash, and we want to invest our funds wisely, prudently, and carefully to bring a\u200c higher level of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ex-cuomo-aide-makes-shocking-sexual-harassment-allegation\/\" title=\"Ex-Cuomo Aide Makes Shocking Sexual Harassment Allegation\">economic development<\/a> to Orange County,\u201d he said, adding\u200c that\u2063 the shovel-ready initiative investment will be at a level not\u200c to jeopardize the \u2064agency\u2019s day-to-day operation.<\/p>\n<div class=\"post-figure\">\n<figure style=\"width:600px\" class=\"aligncenter\"><figcaption>Bill Fioravanti\u2063 at a co-working space in \u2062Newburgh, N.Y., on March 31, 2023. (Cara Ding\/The Epoch Times)<\/figcaption><\/figure>\n<\/p><\/div>\n<p>The initiative, modeled \u2064after the successful case\u2063 of Warwick Technology Park, comes at a time when the site inventory in the county is\u200b low and impedes further economic growth, he said.<\/p>\n<p>It also comes at a time when\u200c the economic development agencies in the\u200b county aim to go beyond \u200bthe warehouse boom \u2063to attract high-tech companies with premium-paying \u2063jobs.<\/p>\n<p>\u201cWe \u2063want to attract the best and brightest projects to Orange County. That\u2019s\u200b what it is \u2062all \u200babout,\u201d Mr. Fioravanti said.<\/p>\n<p>He\u2062 was \u200creluctant to\u2064 share specifics about sites\u2064 being considered for purchase for \u2063fear of price gouging and that the final selections should be ready\u2062 between three and six\u200c months.<\/p>\n<p>Mr. \u2063Fioravanti said the select committee will likely consist of four \u2064to five members from the OCIDA board, County \u2063Executive<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A program by OCIDA to increase shovel-ready sites recently completed phase one. Preliminary work by Delaware Engineering identified around a dozen top sites from a pool of over candidates. Executive Director Bill Fioravanti confirmed the successful conclusion of this phase.<\/p>\n","protected":false},"author":417,"featured_media":2030639,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2030638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2030638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/417"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2030638"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2030638\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2030639"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2030638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2030638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2030638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}