By GREGORY ZELLER //
An expanded global headquarters and as many as 10 new hires are in the cards for the Spellman High Voltage Electric Corp., which has received an economics-incentives package from the Suffolk County Industrial Development Agency.
The IDA on May 2 granted the company some $652,000 in combined tax breaks, primarily through a 10-year reduction in property taxes, to facilitate the modernization of Spellman’s existing headquarters facility on Wireless Boulevard in Hauppauge.
The company plans to add about 5,000 square feet to the second floor of the 96,116-square-foot facility – new elbow room to accommodate 43 recent hires and another 10 planned in the near future, Spellman said.
The idea is to both add square footage and renovate existing spaces currently used for manufacturing, engineering and corporate uses “with a more functional layout” that “improves overall efficiencies,” according to the IDA.
Suffolk IDA Executive Director Tony Catapano said his agency’s primary jobs-creation mission was well-served by the economic-incentives package, which allows Spellman to increase its useable space by roughly 25 percent
“The IDA is pleased to assist Spellman High Voltage Electronics Corp. in expanding a facility to meet the company’s workforce demands and overall 21st century needs,” Catapano said in a statement. “The IDA’s involvement with this project ensures that these jobs stay in Suffolk County and don’t go elsewhere to another one of the company’s facilities elsewhere in the world.”
Founded in 1947, Spellman is a leading global supplier of precision DC high-voltage power supplies, X-ray generators and other technologies for medical, industrial and scientific applications. Headquartered in Hauppauge, the company boasts a thriving international presence including sales and logistics operations throughout Latin America, Europe and Asia.
The $3.3 million renovation project will give its engineering, information technology, advanced manufacturing and corporate divisions some breathing room – exactly what the multinational needs to attract top talent and remain competitive, according to Spellman High Voltage Electronics Corp. President Loren Skeist.
“The ability to recruit, retain and develop the largest and most experienced high-voltage power design and technical support center in the world here in Suffolk County has been crucial to our global business operations,” Skeist added. “The financial assistance provided by the Suffolk IDA helps us provide the high-tech work environment needed to compete on the global stage and attract the best talent.”
In exchange for that financial assistance, the company has committed to adding 10 more jobs within the next two years, pushing its total Suffolk County workforce to 330 – with an annual payroll exceeding $31 million, or about $94,000 per employee.
That economic activity represents an excellent return on the county’s investment, according to Suffolk IDA Deputy Executive Director Kelly Morris.
“Spellman High Voltage Electronics Corp. continues to add good jobs to the local economy and generate significant revenue for Suffolk County,” Morris said. “The Suffolk IDA is excited to work with an enterprise that is looking to expand in Hauppauge and boost Long Island’s tradeable economy.”