The Suffolk County IDA approved a benefits package to assist an expansion of Harvest Bakery, a manufacturer of home-style bakery products for local vendors and wholesale distribution, at 865 Waverly Ave. in Holtsville.
The company plans to acquire the 24,000-square-foot building and renovate it for food preparation, manufacturing and bakery product storage.
Harvest was founded in a garage in Bohemia 18 years ago by Robert Marconti and Jose Gonzalez, who have since grown the company to include 23 employees. Currently located in a 12,000-square-foot leaseed space in Central Islip, the company needs additional room to provide for immediate and future expansion. With IDA assistance, the company plans to add an additional 10 jobs within two years.
“We are pleased to help a home-grown success story continue to expand in Suffolk County,” said Joanne Minieri, commissioner of Suffolk County Economic Development and Planning and chair of the IDA Board. “Mr. Marconti and Mr. Gonzalez’s partnership is a great example of Suffolk County residents working together to build a business that not only manufacturers a high-quality product, but provides high-quality jobs for the county.”
Harvest Bakery moved from its original 1,200-square-foot garage to a 5,000-square-foot location in Central Islip in 1999. Over the past 16 years, the company has more than doubled its space and now occupies five units across two buildings. Along with purchasing the 24,000-square-foot location in Holtsville for approximately $2.8 million, Harvest Bakery plans to invest more than $250,000 in renovating and equipping the new building.
The benefit package approved by the IDA board includes sales tax exemption, mortgage recording tax exemption and property tax abatements totaling approximately $188,000. Over the course of the 10-year property tax abatement, Harvest is expected to pay approximately $395,000 in property taxes.
“With assistance from the IDA, we look forward to streamlining our operations into one facility that will provide us room to grow for years to come,” Marconti said.
“Providing room for the company to expand while consolidating into one location is efficient both now and for the future,” said Tony Catapano, executive director of the Suffolk IDA. “Storage and manufacturing space are vital for operations, and by doubling its square footage, Harvest Bakery has plans to pursue more growth opportunities and create jobs in Suffolk.”