News: Finance

Brookhaven IDA closes on economic incentives for Coco Architectural Grilles

Holtsville, NY A fourth-generation family-owned, custom metal-fabricating business will expand in Holtsville after the Town of Brookhaven Industrial Development Agency (IDA) closed on a package of economic incentives. 

The benefits package for 240 Blue Point Realty LLC/Coco Architectural Grilles and Metalcraft Co. closed on Nov. 6. The project was approved by the IDA board.

Coco, established in Manhattan in the early 1900s, is buying a vacant 16,000 s/f industrial building at 740 Blue Point Rd. that was formerly used by a packaging manufacturer. Coco, which later moved to Nassau County, has occupied two neighboring buildings in Farmingdale since 2011.

The company, which has outgrown its existing leased space, considered a move to North Carolina, but decided to remain on Long Island, where it has a skilled 22-person workforce. It plans to add three jobs after the move. Employees earn from $47,000 to $71,000 annually.

The company, which manufactures custom metal products, mostly for the HVAC industry, serves customers from the Hamptons to Manhattan. It does laser cutting, die casting, welding, and finishing of aluminum, brass, bronze, stainless steel, and steel.

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