Suffolk County IDA

Melville still gets Italian pharma’s blood pumping

By GREGORY ZELLER // A Long Island biotech with Italian roots will stay in Melville as it grows its family. Based in the Tuscany town of Barga, Italy, Kedrion Biopharma is investing $30 million to renovate its only U.S. production facility, a 105,000-square-foot-complex on 11 acres in Melville. The company – which manufactures plasma-derived therapies for patients with debilitating conditions like hemophilia and immune deficiencies – will rely on production facilities in Italy and Hungary…


Andrew Cuomo

Cuomo: Last stop for IDA transit-tax breaks

By GREGORY ZELLER // Legislation prohibiting local industrial-development agencies from abating taxes used to fund transit authorities has been signed into law by Gov. Andrew Cuomo. Economic-development engines like the Suffolk County Industrial Development Agency will still be able to offer incentives packages to attract out-of-state enterprises and discourage established Suffolk businesses from leaving for other regions – but the percentage of a mortgage recording tax earmarked for transit agencies is off limits, according to…


Suffolk IDA likes Royal Apparel’s look

By GREGORY ZELLER // When Morey Mayeri told Innovate LI he was “ready to do it immediately,” he wasn’t kidding. Speaking Aug. 17 about a possible intra-Hauppauge relocation for premium wholesaler Royal Apparel – including the acquisition and potential expansion of a larger warehouse/production facility– the cofounder and CEO said he and his brother, cofounder Abraham Mayeri, were ready to pull the trigger “if the help was there.” And they were eagerly anticipating this week’s…


India’s pharma king earns Suffolk IDA nod

Suffolk County has burnished its reputation as a choice commercial destination for early-stage pharmaceuticals. The Suffolk County Industrial Development Agency on Thursday approved a corporate incentives package for Evaric Pharmaceutical, a generic drug-maker founded by Bandi Parthasaradhi Reddy, owner and chairman of global distributor Hetero, India’s largest privately held pharma. The sales and mortgage tax-abatement package allows Evaric Pharmaceutical to proceed with a $15.5 million purchase-and-renovation plan targeting a 107,000-square-foot facility inside Hauppauge Industrial Park,…


Suffolk IDA deals responsible for 1K jobs

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…


Fougera Pharmaceuticals plans $88M Melville plant

Fougera Pharmaceuticals plans to consolidate its local operations into a new $88 million Melville plant that will retain almost 400 jobs and give the firm room for additional growth. Fougera, which currently operates from smaller buildings in Melville and Hicksville, manufactures more than 200 branded and generic semi-solid creams, ointments and lotions treating such dermatological ailments as eczema, acne and psoriasis. Its parent company, Sandoz, is a leader in the manufacture of generic dermatology medicines…


A&Z plans $4.9M Hauppauge expansion

A&Z Pharmaceutical, a maker of dietary supplements for the Chinese market, plans a $4.9 million expansion at its two buildings in the Hauppauge Industrial Park. The firm plans to construct a 26,700-square-foot addition at 350 Wireless Blvd., which it purchased in 2014 for use as a headquarters, factory and warehouse. The company also plans to rent 6,500 square feet of space at 180 Oser Ave., where it has offices and manufacturing. A&Z plans to add…


Ecoclean boosts Copiague expansion

Doubling down on a green cleaning-products manufacturer planning a Copiague expansion was an easy call for the Suffolk County Industrial Development Agency. The IDA, which in December approved a 10-year, $160,600 aid package that would help Farmingdale-based Ecoclean Solutions Inc. relocate to a new Copiague complex, last week voted to tweak that package, sweetening the pot to $258,700 in tax breaks over 12 years. Ecoclean Solutions, which produces environmentally friendly cleaning products under the Green…


Suffolk IDA takes a shine to incubator project

To give spirits-focused startups a chance to properly ferment, two East End entrepreneurs have launched a “distillery incubator” – and the Suffolk County Industrial Development Agency is picking up the first round. The Suffolk IDA has approved a 10-year, $120,860 tax break for the Matchbook Distilling Co., the brainchild of East Enders Leslie Merinoff and Brian Kwasnieski. Their plan: help regional beverage-makers break into the small-batch market through with a complete farm-to-bottle distillery incubator. “We…


Pharma companies expanding in Hauppauge

Two Long Island pharmaceuticals companies will purchase a 92,000-square-foot Hauppauge building and add on another 50,000 square feet of storage space through a deal announced Thursday by the Suffolk County Industrial Development Agency. The IDA has approved a $17.5 million package for sister companies Bactolac Pharmaceutical Inc. and ScieGen Pharmaceuticals Inc., which will purchase and renovate 330 Oser Ave. for $8.2 million and construct an addition that will be used to store materials for both…