Brooklyn tech company moves to Islip, bringing 104 jobs
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Islip Town has persuaded a Brooklyn-based manufacturer of accessories for wireless devices to relocate to Central Islip.
The town's Industrial Development Agency persuaded Reiko Wireless to come to the town with a 14-year tax abatement agreement.
Reiko Wireless, which also has facilities in California and Florida, will purchase a 130,000-square-foot facility in Central Islip to serve as an office and distribution center, officials said. The tax abatement agreement will enable the company to retain 36 jobs and create another 68 jobs, according to town officials.
"The Town of Islip is thrilled that Reiko Wireless has made the decision to expand its company in Central Islip, to a facility that has remained vacant for some time. Reiko is a dynamic company, and this expansion project will create 100 jobs in the Town," John Walser, deputy director of the Office of Economic Development, said in a statement.
Reiko Wireless is a "factory-direct manufacturer and importer offering thousands of accessories for all the top brands. We feature accessories for BlackBerry, Apple iPhone, iPod, MP3, Motorola, LG, Samsung, HTC and many more," including cellphone pouches, covers, chargers and headsets, according to its website.
Part of the incentive package includes $36,750 in mortgage recording tax savings and $223,560 in total sales tax savings, according to the town.
The financial incentives made for an irresistible offer, Yulong Zhang, president and CEO of Reiko Wireless, said in a news release issued by the town. "I would like to express my gratitude for the assistance the Town of Islip IDA has provided us," Zhang said. "The real estate tax abatement, sales tax exemption and the elimination of the mortgage recording tax allowed us to make a quick decision to relocate to the Town of Islip. We look forward to a lasting partnership with the town."
The company plans to begin construction this month and finish in November, with building occupancy by December.
"Every municipality understands the importance of job creation, but here in Islip we have proven again and again that we are a partner with our businesses. Their success is ours," Islip Supervisor Tom Croci said in a statement. "Our IDA is a key factor in attracting companies that can bring high-paying careers to our town, and makes us competitive in preventing companies from leaving New York."
Reiko Wireless joins other tech companies lured by the IDA to Islip, including CMG Wireless, Sartorius Stedim, and All-System Aerospace International, Inc.