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Bronx company finds 2nd Nassau site after 1st proves contaminated

Misha Migdal, president and owner of Supreme Screw

Misha Migdal, president and owner of Supreme Screw Products Inc., stands in his Bronx factory on Jan. 31, 2014. Migdal intends to move the company to Mineola. Credit: Bruce Gilbert

After learning that a potential relocation site in Mineola was contaminated, Bronx-based manufacturer Supreme Screw Products Inc. is moving its city operation to a new location in Plainview that will eventually employ 65, officials with the Nassau County Industrial Development Agency said.

The company, a maker of precision-machined parts for automobiles, airplanes, firearms and people in medical surgeries, had planned a $4.1 million renovation project to relocate operations to two buildings at 59-65 E. Second St. in Mineola. After an environmental review of the property revealed problems with the location, the company continued to shop in Nassau.

Supreme Screw now plans to set up shop at 10 Skyline Dr. in Plainview, renovating an existing building there. The company plans to close on the land purchase by the end of the month.

Once the new site is renovated, the manufacturer will employ 36 full-time workers, and it plans to add 29 more during the first three years.

After approving the company for tax breaks last year for the first location, the IDA last week again approved Supreme Screw for a sales tax exemption of up to $94,875 on the purchase of renovation materials, a mortgage recording tax exemption of $38,550, and a 15-year payment-in-lieu-of-taxes agreement with a five-year option contingent on the company's honoring its jobs pledge.

Empire State Development Corp. is also granting $600,000 in state tax credits in return for Supreme Screw's adding employees. Jobs include machinist and technician positions that pay an average salary of $52,000 a year.


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