The Westchester County Local Development Corp. (LDC) approved a $60,000 contract today for a consulting company operated by Clinton I. Young Jr., a former Westchester County Legislator (1996-2007) and the 20th Mayor in the City of Mount Vernon (2008-2011), Westfaironline reported.
The contract was originally awarded to Clinton Young in August 2019. Thursday, October 10, 2019, it was amended, putting it under the name of his Global Success Consultants Inc. of Mount Vernon.
Young said after the meeting that Global Success Consultants does consulting work in business and politics. In this case, he said, he will be “getting the word out” throughout Westchester about what the LDC does and how it can benefit organizations.
Since its inception in 2012, The Westchester County Local Development Board (LDC) has assisted not-for-profit organizations in securing tax-exempt bond financing benefits totaling over $400 million. These benefits are provided at no cost or risk to the taxpayers of Westchester County.
Depending upon an organization’s growth needs, acquisition, construction, reconstruction, equipping and/or furnishing of its facilities, it can receive funding from the proceeds of tax-exempt bonds issued by the LDC.
The LDC is a governmental corporation that enables not-for-profit organizations to finance construction and improvements of facilities with tax-exempt municipal bonds.
Global’s contract calls for promoting the organization; consulting with local governments, organizations, private developers and others on economic development issues; identifying job creation resources; assisting applicants and reviewing project applications; coordinating new projects with local governments; assisting the chairperson of the LDC board and attending LDC meetings.
The contract is retroactive to May 1.
Bill Heltzel has covered criminal justice, courts, government, and sports – as a beat reporter and investigative reporter – for daily newspapers in Florida, Indiana, Ohio, and Pennsylvania. He worked for Bloomberg LP in training and sales. He joined the Business Journal in 2016.