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Business Expansions and Contractions - Long Island Region March 2016

Business Expansions and Openings

A & Z Pharmaceutical, a Hauppauge (Suffolk County)-based pharmaceutical manufacturer, plans to construct a new building and lease additional space in another building, both also in Hauppauge. A&Z produces 1.6 billion tablets of a vitamin D and calcium supplement each year for shipment to China. The company, which currently employs 99 people, expects to add 12 jobs the first year after its expansion, and another 12 the following year. Records show employees earn, on average, $51,000 per year excluding medical and retirement benefits. They are seeking tax breaks from the Suffolk County Industrial Development Agency.

 

LIF Industries, a Port Washington (Nassau County)-based fireproof metal door manufacturer, aims to double its space inside the industrial park where it already has a location. With the expansion, the company expects to add 21 jobs and retain 334, officials said. Empire State Development will provide LIF with up to $500,000 in Excelsior Jobs Program tax credits.

 

Millennial Materials and Devices Inc., a manufacturer of coatings and films that could be used in touch-screen displays, will become the 20th participant in a tax-free zone at Stony Brook University (Suffolk County). The company has developed a manufacturing process for 2D and 3D coatings, films and porous materials that involves nanotechnology. Millenial has pledged to create eight jobs over the next five years and spend $1 million on equipment and other expenditures.

 

Business Contractions and Closings

 

Four of the eight Sports Authority stores on Long Island are slated to close as part of the company’s Chapter 11 bankruptcy. Slated for closure on Long Island are the Sports Authority stores in Commack, Riverhead and Stony Brook (Suffolk County), as well as the retailer’s Westbury (Nassau County) outlet location. The closings are expected to take up to three months.

 

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