HICKSVILLE, NY-Score another one for Long Island and tax breaks. High-tech manufacturer Designatronics will consolidate its operations at 250 Duffy Ave., one of the largest industrial buildings in Hicksville, rather than relocate to New Jersey.
The deal is the result of a Nassau County Industrial Development Agency agreement to freeze property txes on the Hickville facilty for 15 years, allowing New Hyde Park, NY-based Designatronics to expand its operations in Hicksville, retain about 240 jobs and add 20 more. It’s expected to generate $217 million in economic benefits for the county’s economy over the term of the agreement.
Designatronics, which produces small motion-control equipment for industries ranging from healthcare to aerospace, currently occupies four leased buildings in New Hyde Park and Garden City Park. It plans to buy and renovate the existing 100,000 square-foot 250 Duffy at a cost of $11.25 million.
The company “looked at property in New Jersey, but the preference was to stay here because of the employees,” Daniel P. Deegan, an attorney for Designatronics, told Newsday. “This couldn’t happen without help from the IDA.”
Newsday reported that Designatronics, founded in 1960, joins a roster of companies that considered relocating from the Island to the Garden State but chose to stay. They include the Hain Celestial Group, which moved from Melville to Lake Success; Canon USA, which did the exact opposite; investor-documents processor Broadridge Financial Solutions Inc., which has large facilities in Edgewood and Brentwood.
“We’ve been blunting the incursion by New Jersey into the county,” Joseph J. Kearney, executive director of the Nassau IDA, told the newspaper. He added, hwoever, that “it’s a constant battle because New Jersey has been very aggressive.”