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 • Arace & Company was founded in February of 2003 and specializes in real estate development, government relations, economic development incentives, business consulting, environmental issues, and project labor agreements.
• Edward L. Arace has over 35 years of significant experience in both the private and public sector. In his 20+ years of experience in government, Mr. Arace served in both the Legislative and Executive branches of New York State Government.
• At the present time, Arace & Company is representing clients on a variety of projects including gaming, hotel development projects, waterfront redevelopment projects, active lifestyle senior housing projects, county government for redevelopment of downtowns and renewable energy projects. Ed Arace is also an associate of the SB Edge Stadtmauer Bailklin Economic Development Group (SB-EDGe), which specializes in Economic Development Incentives and Zoning/Land use.
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In his prior position as Vice President of Regional Economic Development for Empire State Development Corporation’s Mid- Hudson Region, Mr. Arace was responsible for all New York 
State’s economic development efforts in the region, which encompasses Westchester, Rockland, Dutchess, Putnam, Orange, Sullivan, and Ulster Counties. The region is the size of the State of Connecticut with a population of over 2 million and has the highest concentration of fortune 500 headquarters located in New York State outside of New York City. Under Mr. Arace’s stewardship, the Mid-Hudson Region continually outranked all others in NYS in the areas of growth and top deal-flow. |
