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Business Expansions and Contractions - Long Island Region April 2014

Business Expansions and Openings

Dealertrack Technologies, which makes software for auto dealers, will receive $12 million in state tax breaks and grants in exchange for keeping its headquarters on Long Island and adding more than 350 jobs within the next four years.  Dealertrack will move its headquarters to New Hyde Park Road in North Hills (Nassau County), about one mile from its current location on Marcus Avenue.


Guitar string maker D'Addario & Co. plans to open another factory in Suffolk County, executives said Thursday, as part of an ongoing expansion that has brought manufacturing jobs to Long Island from other states and China.  The company employs 1,100 people, including 790 locally.  The well-known manufacturer of musical instrument accessories, D’Addario recently relocated its carbon steel wire mill from Massachusetts to Farmingdale, thanks to assistance from New York State, Suffolk County and the Town of Babylon.  The move is expected to create an estimated 30 new jobs on Long Island by the end of 2014.  D'Addario executives promised to hire 40 more workers and move the Pro Mark Drum Sticks division from Texas.


The Nassau County Industrial Development Agency has approved economic incentives for Virginia-based Avalon Bay Communities to build 191 rental apartments on the site of a defunct oil storage facility in Great Neck (Nassau County).  The project, which will include 19 affordable workforce apartments, is expected to create 315 full-time equivalent construction jobs and nine new permanent positions. Construction is expected to start in December and be completed in January 2016.


Long Island universities and colleges, in a push to stay competitive, plan to spend at least $321 million to build and renovate campus housing to bolster enrollment and ramp up out-of-town recruiting.  New housing for more than 1,500 students is included in the construction, development and renovation in the works at both public and private institutions: New York Institute of Technology, Molloy College, Stony Brook University, Touro Law Center, Farmingdale State College, Hofstra University, Adelphi University and the U.S. Merchant Marine Academy.


Plainview (Nassau County)-based Rechler Equity Partners broke ground April 29 on the Hampton Business District at Gabreski, a new business park within Gabreski Airport on 50 acres owned by Suffolk County in Westhampton Beach.  Work has now begun on 220 Roger’s Way, a 60,000-square-foot industrial building that will be followed by eight more buildings totaling 440,000 square feet.  Following the construction of the first building, development will begin on two office and medical buildings totaling 60,000 square feet. The business district will also include a 145-room hotel, a restaurant, a day care center, a health club, and a bank.  Gregg Rechler, a managing partner of Rechler Equity, said the park would create more than 1,100 jobs.


Rochester-based Conifer Realty and the nonprofit Community Development Corporation of Long Island broke ground May 1 on a $53 million pedestrian-friendly housing and commercial complex in Coram (Suffolk County).  Wincoram Commons, which will sit on the site of a dilapidated United Artists movie theater, will offer 176 affordable rental housing units, mixed retail and 13,300 square feet of commercial space.  Governor Cuomo said the project is expected to inject nearly $56 million into the local economy and create 145 construction jobs and more than 30 permanent jobs.


Pain Management Center of Long Island will open its fourth Long Island location next week in Port Jefferson (Suffolk County).  The office will offer a wide range of services, including spine management, epidurals, joint injections, nerve blocks, general pain management and acupuncture.


Melville (Suffolk County)-based Racanelli Construction will soon begin construction of an 84,000-square-foot project for Brookhaven Memorial Hospital Medical Center in Patchogue (Suffolk County).  The project, slated for completion in April 2016, was designed to maximize available space and efficiency, creating operatory suites, pre- and post-procedure holding spaces and related support areas.


Heartland Town Square (Suffolk County), Long Island’s $4 billion mega-project, has taken another step closer to becoming a reality after the Islip Town Board voted to accept its environmental impact statement.  The development proposes to create 9,100 apartments, 1 million square feet of retail space and more than 3 million square feet of offices on 460 acres of former Pilgrim State Hospital land in Brentwood.  According to the project’s developer, the planned mix of rental apartments, shops, restaurants and offices will eventually generate about 23,000 permanent jobs, and at least 1,500 construction jobs annually throughout its build-out, which could easily eclipse 20 years.


Intelligent Product Solutions, known as IPS, a company which provides design and engineering services to companies seeking to convert inventions into products or services, plans to expand in Hauppauge (Suffolk County).  The $200,000 project is expected to add 10 people to a payroll of 65. Records show that the company's local full-time workers earn, on average, $102,380 per year.


Hi-Lume Corp., a commercial carpentry company, is in the process of purchasing a 57,500-square-foot facility in Hauppauge (Suffolk County) to serve as a centralized headquarters.  Once completed, Hi-Lume will move itself and its affiliates – Metro Interior Distributors, Liberty Doorworks and W.J. Northridge Construction, collectively known as Sutherland Building Group – out of three facilities scattered around Northwest Suffolk County and into the Hauppauge office.  Hi-Lume, which currently employs 120, will create 16 new jobs over the next two years.


A two-story shop in a Manhasset (Nassau County) shopping center that has stood empty since a bankrupt Filene's Basement vacated the property more than two years ago will soon have new tenants.  A DSW shoe store on the first floor will open this month, and a Nordstrom Rack will open in June on the second floor. 


Japanese fashion retailer Uniqlo will open its second Long Island store Aug. 29 at Roosevelt Field mall in Garden City (Nassau County) as part of the chain's continued expansion.  A new Walgreens pharmacy opens Wednesday inside the Nassau University Medical Center in East Meadow (Nassau County).  Home decor distributor and retailer Mitchell Gold + Bob Williams is set to open a new signature location in Manhasset (Nassau County). 


Business Contractions and Closings

JPMorgan Chase will eliminate 155 jobs at its Garden City (Nassau County) mortgage banking office as part of the bank’s plan to trim thousands of jobs nationwide in its mortgage operations.  The employees, who aren’t unionized, will be laid off as of July 31.


Jasco Industries Inc. in Bohemia (Suffolk County) plans to close its manufacturing plant and lay off 70 employees by the end of the month.  The plant, part of the MG Concepts division of Jasco, makes custom fixtures and displays for department stores.


Westbury (Nassau County)-based John Hassall Inc., a manufacturer of custom metal parts and fasteners for the aerospace, automotive and commercial industries, filed for Chapter 11 protection April 30, citing a tough economic climate in recent years.  The company has notified the 83 employees at its 65,000-square-foot Cantiague Rock Road factory of potential layoffs that could still take effect if the company doesn’t make a rebound.


Bovie Medical Corp., a small public company, has quietly closed its Melville (Suffolk County) headquarters and plans to open a larger office in Westchester County -- near where its top executives live.  Bovie manufactures electrosurgical devices.


Lake Success (Nassau County)-based Ipro, which provides healthcare assessment and improvement services to various entities and organizations across the country, plans to lay off 35 to 40 employees, or about 10 percent of its staff, because some of the work they performed on a federal contract was eliminated.  The layoffs could total as many as 146, or more than a third of IPRO's workforce, if its state and federal contracts aren't renewed.


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