News:
Spotlight Content
Posted: March 28, 2008
Enecon breaks ground on 26,000 s/f manufacturing facility - $3.795m project
Brookhaven town supervisor Brian Foley helped Enecon Worldwide president Andy Janczak and other Enecon associates; U.S. congressman Peter King; and local councilwoman Connie Kepert break ground in the town's Empire Zone for a new manufacturing facility. Enecon produces high performance polymer systems for rebuilding, resurfacing and protecting all types of fluid flow machinery, equipment and structures.
Construction of Enecon Worldwide's new 26,000 s/f manufacturing facility, saving 50 Long Island jobs, got under way on February 22 at an official groundbreaking hosted by Foley at the South Silver Industrial Park. Participating in the ceremony were: Michael Tedesco, Enecon EVP; Foley; Edward Krensel; Janczak; Robert Kneuer, Enecon senior VP; Kepert; King; and Raymond Donnelly, the town's director of economic development. Enecon is a manufacturer of high performance polymer systems for rebuilding, resurfacing and protecting all types of fluid flow machinery, equipment and structures. The event symbolizes the continued resurgence of specialty manufacturing in the town, saved 30 Long Island jobs that would have gone "off-Island," and will add 20 new positions to the local employment roster.
"This project not only allows 30 Long Islander's to keep working here, but also offers Brookhaven residents an opportunity to apply for one of 20 new positions that will be created," said Foley. The manufacturing facility, located at 6 Platinum Court, has a project cost of $3.795 million.
Until Enecon executives began talking with Brookhaven, the company had decided to relocate to Pennsylvania, linking up with their parent organization. However, the town's economic development office, working in conjunction with commercial real estate experts Sutton and Edwards, located a site for a new facility and provided economic incentives, including facilitating and fast tracking the permit process, convincing the company to remain on Long Island.
Tags:
Spotlight Content
MORE FROM Spotlight Content
Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin
When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
.png)
.gif)
.jpg)
Columns and Thought Leadership
The strategy of co-op busting in commercial real estate - by Robert Khodadadian
In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen
The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:
Formal Legislative Role
• Limited direct lawmaking power: The NYC Council is the primary
Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra
Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
Properly serving a lien law Section 59 Demand - by Bret McCabe
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
.gif)