Two economic development attorneys, with expertise on Long Island and across New York State, are co-chairing a law firm’s new practice area.
Nicholas Terzull, former director of business development for the Nassau County Industry Development Agency, will join Jeffrey Citron in co-chairing the new Economic Development and Tax Incentives Practice Group at Davidoff Hutcher & Citron from the firm’s New York City headquarters. Citron is the firm’s managing partner.
A law and government relations firm, DHC has a client base that includes commercial and nonprofit organizations. The firm offers expertise in complex tax incentive programs and economic development benefits at the local, state and federal level. Attorneys in the practice have worked with such government agencies as New York City Economic Development Corporate, New York State Empire State Development Corporation, and industrial and local development corporations across the state.
“Economic development is critical to the long-term health of any municipality,” Citron said in a statement.
“In order to effectively navigate these complicated deals, it takes a keen understanding of real estate, corporate law and the inner workings of government—areas in which DHC’s multidisciplinary practice has excelled for nearly 50 years,” he added.
Citron brings more than 35 years of expertise in real estate and general commercial practice. He assists clients in securing financing, grants, and various advantages for capital projects by leveraging government agencies and lending institutions. Citron has also served as counsel for the trustees of various Industrial Development Agencies and is a recognized authority in the negotiation of Industrial Revenue Bond financing.
Terzulli, senior counsel of the firm, brings more than a decade of experience in the private and public sector, including eight years as a municipal economic development executive in Nassau. He has negotiated numerous multi-million-dollar tax incentive packages that were designed as catalysts for hundreds of millions of dollars in real estate development to boost economic impact across New York State.
“New York City and New York State are competing with other states that are aggressively soliciting businesses from our local communities,” Terzulli said in a statement. “DHC’s long-standing relationships and deep understanding of how to best navigate government entities and regulatory agencies will be an invaluable asset to clients seeking to take advantage of all the programs and incentives available to them.”
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