By GREGORY ZELLER //
A Suffolk County manufacturer with a global client base and a history of bouncing around Long Island is on the move again – and this time, its local IDA is helping to pack its bags.
Mark-10 Corporation, founded in 1979 as an engineering consultancy and now a leading manufacturer of precision force- and torque-measuring instruments, will purchase and renovate a 31,000-square-foot light-industrial facility on Oser Avenue in Hauppauge, thanks in part to a tax-incentives package preliminarily approved by the Suffolk County Industrial Development Agency.
The company – which launched Queens, established its headquarters in Hicksville in 1987 and relocated its operations to Copiague in 2004 – plans to invest more than $9.5 million in the purchase/renovation plan. The expansion is projected to create five new full-time jobs over two years and would not be possible without the IDA’s tax-abatement plan, according to President Mark Fridman.
Mark Fridman: Competitive advantage.
“The IDA’s assistance in our company’s expansion is needed for us to remain competitive,” noted Fridman, son of founder Bill Fridman. “We have outgrown our facility and the IDA’s support will help us grow in terms of our employee count, inventory and product-line expansion.
“We are excited about this opportunity to expand in a region that we have called home for decades,” the president added.
And the Development Agency – which must still issue final approvals of the incentives package – is excited to help the longtime Long Island manufacturer remain in Suffolk County, according to Suffolk IDA Executive Director Tony Catapano.
“Ensuring the economic success of Long Island-based businesses and creating jobs are our biggest priorities at the Suffolk IDA,” Catapano said in a statement. “This project will help expand the reach of a company that has been on Long Island for decades, while also providing new job opportunities for Long Island residents.”
Mark-10’s proprietary measuring devices support a variety of quality-control and research uses, including medical devices, consumer-product packaging, aerospace and automotive applications and others. The 42-year-old firm boasts international clientele, ranging from beverage-makers to pharmaceutical companies engaged in COVID-related research.
Assisting such far-reaching homegrown enterprises – and keeping them in the fold – is the thrust of the Suffolk IDA’s “Long Island-first approach,” noted Deputy Executive Director Kelly Murphy.
“Mark-10 Corporation has reach around the world,” Murphy said. “We are pleased that our assistance enables them to make it financially feasible to expand here, retain their employee base and keep their more than $4.6 million payroll local.”
