Bohemia area workers get a boost
September 17, 2012 by Sarah
Good news came at the end of last month for residents of Bohemia and other towns in the region, as the Suffolk County Industrial Development Agency (IDA) announced a package of cost-saving incentives designed to retain jobs had been approved for the pharmaceutical company, LNK International, Inc.
Situated in the Hauppage Industrial Park, the manufacturer of solid dose drugs had been heavily courted to relocate. A local company that currently occupies eight buildings, it will now be able to purchase a 110,000 square foot building plus an adjacent vacant lot to accommodate current and future business operations. LNK International plans to invest more than $2 million dollars to make the structure suitable to its needs.
With an annual payroll of more than $55million and a current employee count of 1,581, retaining the company in the area was viewed as a vital economic development measure. Additionally, the benefits from the IDA will help support the company’s expansion which is expected to add another 219 jobs in the next two years bringing the total employee count to over 1,800.
Throughout the business and retail sectors, retention of a major employer is always welcome. Whether it happens to be the supplier of packaging materials used to ship the product or the local printing company that holds a contract for the business card printing required by for the company executives and sales staff, this latest agreement by the IDA and LNK International looks set to be a positive development.