May 9. 2018-- Highlighting that non-profits in Westchester County play a vital role in our economy, and that they are the underpinning in our County’s culture and spirit of giving back County Executive George Latimer announced the LDC Non-Profit Tour.
The Westchester County Local Development Corporation, or LDC, is a private, non-profit corporation created to promote economic development in our County. The LDC provides benefits only to non-profit organizations.
The Tour will include meetings with non-profits across the County to talk to them about the benefits the LDC offers and ways the LDC can help. The first meeting is set for June.
Latimer said: “We treat non-profit organizations with the same appreciation and professionalism that we treat for profit corporations.
Along with the Tour the County will also be unveiling a new LDC logo.
Deputy Director of Economic Development Bridget Gibbons said: “We are going to be building better relationships with non-profits in this County. Our meetings with each non-profit will take place on their turf where we will provide one –on –one guidance and talk to them about their specific projects and ideas.”
Created in 2013, the LDC provided non-profits access to millions of dollars in low-cost tax-exempt bonds to finance acquisitions, construction, reconstruction, equipping and/or furnishing of facilities, or to refinance existing debt at a lower interest rate.
From 2013-2017, the LDC provides nearly $871 million in low cost, tax-exempt financing for hospitals, educational institutions, nursing homes and social service agencies. During this time the LDC projects created more than 1,600 permanent and construction jobs.