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Akerman’s Beth Zafonte Secures Over $3B in Economic Development Incentives

Company: 

Akerman

Beth Zafonte, director of economic development services at Akerman, has generated more than $3 billion in economic development incentives over a 40-year career, helping developers navigate public programs and make complex real estate projects financially feasible.

Zafonte’s practice focuses on affordable housing, life sciences, charter schools, clean energy, cultural facilities, data centers and entertainment projects.

Her recent work includes securing incentives for a Chicago entertainment destination expected to generate more than $1 billion in economic impact and create over 400 permanent jobs. In Staten Island, she helped secure a 25-year property tax abatement estimated at $21.9 million for a 305,067-square-foot self-storage development. She also secured a New York City tax abatement estimated at $70.4 million over 25 years for a life sciences conversion and expansion in Long Island City, Queens.

Zafonte chairs Akerman’s Philanthropic Council and serves as vice president of the Akerman Foundation. She previously served as co-deputy chair of the firm’s Real Estate Practice Group.

A longtime leader in CREW, ULI and REBNY, Zafonte is a former president of WX New York Women Executives in Real Estate. Her honors include CREW Network and CREW New York Impact Awards, recognition as a Bisnow New York Power Woman, and a New York Real Estate Journal Leading Woman in Real Estate designation.

These are just a few reasons Beth Zafonte is among the New York & Tri-State Connect CRE 2026 Women in Real Estate Award winners. The award honors the achievements and inspirational stories of women who have reached respected leadership positions and taken on mentorship roles.

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Beth Zafonte

About Amy Wolff Sorter

I love content. I love writing it, visualizing it, and manipulating it to fit into different formats. I have years of experience in working with content, both as creator and editor. The content I create and edit provides assistance with many goals, ranging from lead generation, to developing street cred through well-timed thought-leadership pieces. Content skills include, but aren't limited to, articles and blogs, e-mails, promotional collateral, infographics, e-books and white papers, website copy and more.