A product design firm with yearly sales of more than $13 million plans to expand in Hauppauge, executives said Thursday.
Intelligent Product Solutions, known as IPS, is combining two offices on Comac Street in Ronkonkoma into one at 700 Veterans Memorial Hwy. All are rented.
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. Two other employees are based in Seattle and Park Ridge, N.J.
IPS also has about 40 part-time or contract workers.
The company was started in 2008 by Mitch Maiman and Paul Severino, both mechanical engineers and former executives of Symbol Technologies, a manufacturer of bar-code scanners in Holtsville that was acquired by Motorola Inc. in 2007.
IPS provides design and engineering services to companies seeking to convert inventions into products or services. Clients include soda giant PepsiCo, L3 Security and Applied DNA Sciences, a Stony Brook-based business that uses biotechnology in security products.
"Being under one roof is going to be huge for us," said June Severino Feldman, marketing director at IPS and Paul's sister. "We're a very collaborative business, so being in two separate buildings is annoying."
The company Thursday received a $17,250 sales-tax exemption from the Suffolk County Industrial Development Agency for workstations and other equipment needed to outfit the larger office.
Feldman told the IDA's board of directors, "You are saving us thousands of dollars that we can use for future development."
In other business, the IDA:
Approved $152,885 in tax breaks for Command Direct, which provides printing, mailing and digital communications for health insurers. The $3 million-project involves buying 310 Oser Ave. in Hauppauge to replace rented space in Farmingdale. The move would create six jobs over two years and protect 20. Records show local workers earn $50,500 per year, on average.
Gary Bolnick, Command Direct's chief executive, said he has considered moving to New Jersey or North Carolina "but our goal is to put it all together in the Long Island operation." The company has one employee who works from North Carolina.
Approved changes to a bond issued by the IDA in 2006 for the United Way of Long Island. The amendment is expected to save the charity $1.5 million.
Lauded attorney David Rosenberg, who is leaving the board after 15 years. "Suffolk County is fortunate to have had your service for so many years," said vice chairman Grant Hendricks.