Edward L. Arace is the Managing Member of A & R Global Consulting and the
Managing Partner of Arace & Company Consultants, LLC. Mr. Arace directs the work of both organizations, while specializing in economic development and government affairs.  He oversees all real estate development projects as well as administers governmental consulting to corporate clients.

Mr. Arace has over forty years of experience in both the public and private sectors. In his 22 years in government, Mr. Arace has served in both the Legislative and Executive branches of New York State Government.  Soon after Governor Pataki took office 1995, he was appointed Regional Director, New York State Department of Economic Development for the Mid-Hudson Region In 1999; Mr. Arace was promoted to Vice President Regional Economic Development for Empire State Development Corporation’s Mid-Hudson Region.  The region, which encompasses Westchester, Rockland, Dutchess, Putnam, Orange, Sullivan, and Ulster Counties, 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. He was responsible for all New York State economic development activities in the region including; business attraction and retention, marketing, planning and development project management. Mr. Arace allocated over $800 million in state economic development assistance to businesses, local governments and Not-for-Profits in his 7years as Regional Director/ Vice President.

Under his stewardship, the region continually ranked as the fastest growing in the state and maintained the top deal-flow of all New York State’s regions.  Mr. Arace possesses an in-depth knowledge of New York State’s incentive programs. From 1995 to 2002 Mr. Arace was in charge of all New York State’s Economic Development efforts in the Hudson Valley and had the opportunity to lead many of the largest most complex, corporate projects in the history of the Hudson Valley Region.

Prior to 1995, Mr. Arace was employed by the New York State Senate for fourteen years. During which time he served as Director of Legislative

Programs for the Senate Vice President, Director of Senate Corporations, Authorities, and Commissions Committee, and Assistant Director of the

Senate Environmental Conservation Committee. During his years with the State Senate he was involved with many projects including being the

Senate’s representative on the Hudson River Greenway, Conservation Fund Advisory Board, Catskill Interpretive Center,  lona Island Study,  Rockefeller Institute 25th Anniversary Study of DEC, Governor's Task Force on

Underground Mining, DEC/Senate/Assembly Task Force on Fish, Wildlife, Ecosystems and Endangered Species Funding.

He also worked on the budget subcommittee for DEC, Energy, and Parks with responsibility for covering the following issues: Adirondack and Catskill Parks (forestry, land acquisition, management, etc.); Greenway (land use issues); hunting, fishing (freshwater), trapping, endangered species; oil, gas, mining (petroleum products, bulk storage). He was also responsible for primary staff work on the following chapters of law, among others: Mined Land Reclamation Law (Chapter 166, 1991); Tropical Hardwoods/Managed Rainforest Law (Chapter 663, 1991); Hunting, Fishing, Trapping License Restructuring (resident, 1991; non-resident, 1993); Corporate Return-A-Gift-To-Wildlife (Chapter 581, 1993); Battery Management Act (Chapter 304, 1991); Wildlife Rehabilitators License (Chapter 263, 1989); New Deer Management Authority (Chapter 171, 1992); Establishment of New York Biodiversity Research Institute (Chapter 554, 1993); Repeal of Hudson Valley Greenway Tax on Motel Rooms (Chapter 170, 1994), transferred to general fund; Preservation of state Fish and Wildlife programs, shifting $9 million in program costs from the Conservation Fund to the General Fund (Chapter 50, 1994). Responsible for Senate bills dealing with Business Corporation Law and Not-For Profit Law, and appointments to commissions and authorities.

Organized and directed committee to formulate Directors liability law and to broaden and strengthen New York’s anti-takeover law. Organized and directed Joint Senate Assembly hearings dealing with the liability issue of Not-For Profit corporations and IDA bonding for Not-For-Profit corporations. Dealt with various bills concerning Urban Development Corp., Water and Sewer authorities, Facilities Development Corp. SONYMAE, Dormitory Authority, resource recovery agencies, etc.

Mr. Arace resides with his wife Pamela in Warwick, New York.