The controversial Accelerator program of Orange County Industrial Development Agency (OCIDA) has been slashed down to two tenants as of a June 6 committee meeting.
Designed as an incubator providing subsidized rental spaces to small businesses, the Accelerator program was central to a high-profile corruption scandal involving three convicted OCIDA officials in 2021.
Bill Fioravanti, CEO of OCIDA, said at the committee meeting that he intended to renew the leases with the two remaining tenants for another year, given their better-than-average business performance and low cost to the agency.
OCIDA had rented a facility owned by the Town of Warwick at a nominal fee for years and subleased the space to the two tenants, a candle manufacturer and a skincare company; both leases expired in May….