A leading global wellness company is dramatically expanding its Long Island operations.
The Nature’s Bounty Co. will create 157 new jobs – and retain 2,042 existing jobs, counting all 11 of its Long Island facilities – while investing more than $142 million to “modernize and expand” its Island operations, according to a statement from Empire State Development, Albany’s lead economic-development agency.
The company, which is headquartered in Ronkonkoma, will be relocating operations from California and China to its Long Island facilities, ESD said Thursday.
To ensure Nature’s Bounty did its growing on Long Island, where it has operated since 1971, the economic-development agency offered the company a grant of up to $25 million, roughly $8.5 million in performance-based tax credits (through the Excelsior Jobs Program) and another $1.5 million in tax credits through ESD’s Employee Training Incentive program.
It’s a hefty incentives package for sure – but well worth it, according to Empire State Development Commissioner Howard Zemsky, considering the company employs thousands of New Yorkers (mostly Long Islanders) and pumps some $300 million annually into the regional and state economies, largely through the purchase of supplies and raw materials from local suppliers.
“The Nature’s Bounty Co. will continue to bring jobs, economic growth and opportunity to Long Island for many years to come,” Zemsky, also ESD’s president and CEO, said Thursday. “Our support will enable this New York-based company to expand and modernize its footprint right here in the Empire State.”
Formerly known as NBTY Inc., The Nature’s Bounty Co. – which in addition to its namesake label distributes popular brands including MET-Rx, Ester-C and Sundown Naturals – is “proud of its great heritage on Long Island” and excited to consolidate its Chinese and Californian operations here, according to President and CEO Steve Cahillane.
“Our agreement with Empire State Development shows what government and business can do together to create jobs in New York and to help business grow and prosper,” Cahillane said in a statement. “We are grateful to Gov. Andrew Cuomo for his vision and commitment and we look forward to working together to grow our company globally from our manufacturing home base here on Long Island.”