Islip OKs $1.6M in tax breaks for 2 employers
The Islip Town Industrial Development Agency has approved a pair of tax breaks valued at a total of $1.6 million that will keep an estimated 529 jobs in the town and create 26 others, according to town officials.
Sartorius Stedim North America Inc., a 140-year-old German-owned pharmaceutical equipment manufacturer, plans to move some of its operations from California and consolidate a laboratory facility in Bohemia into a new 40,000-square-foot site at Aerotech Business Centre, 540 Johnson Ave., Bohemia.
As part of the inducement, Sartorius received a 15-year tax abatement, valued at about $460,000 in total, said IDA executive director William G. Mannix. The firm, which expects to employ 170 employees in Bohemia, also gets tax-exempt status on all equipment the company acquires to renovate the space, a break valued at about $67,000. The company expects to hire 26 employees; the average annual company pay is $65,000.
A representative for Sartorius, which has employees in 110 countries, could not be reached for comment.
"There is simply no better place to do business on Long Island than in Islip Town, especially for large firms that require technological investment," Supervisor Tom Croci said. "For this company to move part of their business from California to here demonstrates just how competitive Islip can be on a national level."
The IDA also approved a $1.2 million tax break over 15 years for Hauppauge Office Park Associates Llc, which plans to build a 70,000-square-foot office building on a 24.66-acre parcel at 878 Veterans Memorial Hwy. Construction of the building, which will serve as the New York regional headquarters for Illinois-based Allstate Insurance Company, will cost an estimated $23 million, town officials said.
Allstate currently houses its 385 employees at four different buildings in the Hauppauge area, according to town officials. The deal will allow it to consolidate operations. A company spokesman could not be reached for comment.
"Allstate could have moved anywhere in the New York metro area but found the best deal in Islip Town," said Councilman John C. Cochrane Jr., also the town's IDA liaison.