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In refinancing a $3.6 million bond for Guiding Eyes for the Blind, the Local Development Corporation is enabling the Yorktown-based not-for-profit to save roughly $120,000 annually in interest payments for the life of the bond, according to a press release.
“We’re going to use those savings and put it back into services,” said Phillipe Cotennec, vice president for Guiding Eyes for the Blind, in a press release. “It’s great that Westchester County’s LDC is able to help an organization like ours.”
The organization initially borrowed $3.6 million in 2004 to undertake significant renovations to its training center, according to a press release.
“Small businesses and not-for-profits are vital to Westchester,” said Astorino in a press release. “The incentives that our IDA and LDC provide translate into good-paying jobs and expanded services that contribute to Westchester County overall excellent quality of life.”
Guiding Eyes is a 501(c)(3) nonprofit organization that provides trained guide dogs to men and women who are blind or visually impaired. Dogs not suited for guide work may become service dogs for children on the autism spectrum. All services are offered free of charge to people who are blind or visually impaired and to families with children with autism.
Guiding Eyes is an accredited member of the International Guide Dog Federation, the organization establishing worldwide standards for the breeding and training of guide dogs.
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