The IDA will provide benefits in excess of $562,000 in sales tax exemptions in connection with the renovation and equipping of 98,000 sf of space at 1133 Westchester Ave., according to the company's IDA filing. Sources close to the deal say that the lease, when finalized, will be in excess of 100,000 sf and will therefore result in the firm doubling its current global headquarters operations in Westchester.

An ITT spokesman, says the firm is pleased that the IDA decided to provide the incentives and confirmed that talks between the company and RPW Group are ongoing. "We are still very committed to the 1133 property but we are still working through some final details on the lease before we have something to announce," he says.

Salvatore Carrera, director of Westchester County's Office of Economic Development, says, "Pending final approval of the lease between the landlord, the tenant and other agencies, we view this as a win-win since; it is a retention and an expansion of a very prestigious company in Westchester County."