The Suffolk County Industrial Development Agency closed almost a dozen deals in the first half of 2016, creating or helping hold onto almost 1,000 jobs.
in the first six months of 2016 closed on 11 transactions slated to create or retain 976 jobs, officials said Monday.
“By aiding a business’s growth in the short term, we create good jobs for our residents and expand the county’s tax base for years to come,” Tony Catapano, the IDA’s executive director, told Innovate LI.
The deals assisted such companies as J. Anthony Enterprises, a Bohemia construction company specializing in heavy construction and roadwork; Fonar Corp., a Melville manufacturer of magnetic resonance imaging scanners; and SupplyHouse.com, a Melville e-commerce company for plumbing supplies.
The IDA deals created 576 jobs and retained 400 jobs, for a total payroll of $45.5 million. The IDA said its annual benefit to businesses in Suffolk County averages $813 per job created or retained.
IDA clients also spent more than $118 million in private capital for construction, to buy property and equipment, and to upgrade facilities.
The Suffolk IDA ranked second in New York in job creation, after New York City, according to an audit released by Thomas DiNapoli, the state’s comptroller. The agency continues to attract new business through a new ad campaign.
