Suffolk County IDA

Suffolk: Something co-working at Wyandanch Rising

By GREGORY ZELLER // The retail side of the Wyandanch Rising redevelopment project isn’t ascending as quickly as the residential side – but the imbalance has created a unique workforce-development opportunity, and Suffolk County is looking to pounce. The county on Friday applied to the Long Island Regional Economic Development Council for funding to open a technology-focused co-working operation in the Town of Babylon’s ambitious Wyandanch redevelopment project, a smart growth-fueled, mixed-use remaking of 142…


Suffolk IDA backs an old friend in Hauppauge

A Hauppauge-based tech consultancy will expand its global headquarters and business operations, with the help of the Suffolk County Industrial Development Agency. The IDA on Thursday granted preliminary approval to a transaction that will help Flexible Business Systems, which provides professional IT and cybersecurity support for client companies without indigenous IT departments, purchase and renovate a 40,000-square-foot-facility on Motor Parkway. Terms of the incentives package were not disclosed, but the expansion effort amounts to a…


LICA selects personnel for cybersecurity mission

By GREGORY ZELLER // An impressive collection of speakers, panelists and presenters will pump up the Long Island Capital Alliance’s next Capital Forum. The alliance, a nonprofit capital-formation and business-development organization, hosts the quarterly (roughly) Capital Forums to allow principals from carefully vetted early-stage companies to present eight-minute pitches to an audience of potential investors, with an esteemed group of judges weighing in on the presentations. Forums are often focused on technology and healthcare enterprises;…


Preliminary approval for high-tech, housing tax deals

Dozens of high-paying tech jobs and affordable rental housing for those who aren’t paid quite that much are in the mix with two transactions preliminarily approved Thursday by the Suffolk County Industrial Development Agency. The IDA took a step toward green-lighting an incentives package for Melville-based technology products and services provider NeuLion Inc., which specializes in the broadcasting, distribution and monetization of live and on-demand digital video content. With the agency’s help, NeuLion plans to more than double…


‘Smarter’ male enhancement starts in Hauppauge

By GREGORY ZELLER // When it comes to male enhancement, two heads are better than one. That’s the rationale behind Impress! for Men, a thinking man’s nutritional supplement produced by Michigan-based MaxLabs US that aims to go where no male-enhancer has gone before: not just the space between the legs, but the space between the ears. To get there, MaxLabs US has recruited Hauppauge manufacturer Bactolac Pharmaceutical Inc., selected from “dozens of manufacturers” in a…


Suffolk IDA tax deal backs longtime label-maker

A decade-long tax-incentives package will allow a longtime Farmingdale-based label-maker to grow its Long Island operation. The Suffolk County Industrial Development Agency on Tuesday approved a 10-year, $332,000 package filled with tax abatements and other goodies for Precision Label Corp., a circa-1990 manufacturer and distributor of pressure-sensitive labels, printed packets and rebate cards for the pharmaceuticals, cosmetics and wine industries, among others. The tax breaks will allow the company to relocate from its 16,500-square-foot space in Farmingdale to…


Suffolk IDA approves RPA spending

Suffolk County’s Industrial Development Agency has re-upped its consulting agreement with the NYC-based Regional Plan Association, experts at redeveloping downtowns and creating next-gen housing and transportation hubs. The IDA approved spending up to $100,000 with RPA in 2017, continuing a relationship that extends back to 2013. Since then, the RPA has worked with several Suffolk communities, including Lindenhurst, Amityville, Smithtown, Kings Park and the town of Babylon.


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…