Driver training facility attracts $1.3m in tax incentives.New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. Industrial Development Agency (NYCIDA NYCIDA New York City Industrial Development Agency ) Chairman Andrew M. Alger announced that the Greater New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Automobile Dealers Association (GNYADA) has received preliminary approved for $1.3 million in real estate and sales tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. incentives in connection with a new training facility to be built on a seven-acre parcel of land in College Point, Queens College Point is a neighborhood in the New York City borough of Queens. It is located north of Flushing on Flushing Bay and the East River and is part of the NYPD's 109th Precinct and Queens Community Board 7. . The new Center for Automotive Education and Training will provide professional and technical training for approximately 1,000 students a year in its 40-week courses. It is estimated the project will generate more than $8 million in tax revenue for the City over 25 years. "The Greater New York Automobile Dealers Association is excited about building our new, state-of-the-art automotive education and training facility here in New York City," said Mark Schienberg, President of GNYADA. "We're thankful that the City has embraced this project, and we expect it to generate hundreds of jobs each year, helping to fuel our local economy." The project site was acquired by GNYADA from the City in 1999. When completed, the Center will occupy about 50,000 square feet; 30,000 square feet will be used for offices, classrooms, and service and parts training space; and 10,000 square feet will accommodate a common area for a kitchen, restaurant, restrooms, atrium and utility space. NYCIDA benefits are especially critical to this project because of the high cost of construction in the College Point Corporate Park where poor soft conditions make it necessary to build on pilings. Under pressure from its members, GNYADA considered alternative locations on Long Island--one already constructed and another currently under construction. The project will also receive a $1.5 million grant from the New York State Legislature and $275,000 in energy incentive awards for the construction of the project from New York State Energy Research and Development Authority The New York State Energy Research and Development Authority (NYSERDA) is a public benefit corporation that was created by the New York State Legislature in 1975. The purpose of the NYSERDA is to provide funding for the research of energy development. . |
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