Nassau IDA provides assistance allowing Designations to stay on Long Island

According to Nassau County Executive Edward Mangano, an Industrial Development Agency (IDA) economic development compact was approved that allows Designatronics - a high-technology manufacturer now located in New Hyde Park - to expand its operations while retaining nearly 240 jobs and adding 20 new employees to its workforce. The project is expected to generate $217 million in economic benefits for Nassau County's economy. Designatronics will consolidate its operations at 250 Duffy Ave., one of the largest industrial buildings in the town. The company plans to purchase and renovate the existing 100,000 s/f building at a cost of $11.25 million. The company currently occupies four leased buildings in New Hyde Park and Garden City Park. Renovations will also create 150 full-time equivalent construction jobs. Designatronics is the nation's leading manufacturer and distributor of small mechanical, electro-mechanical motion control components and sub-assemblies. Through its subsidiaries, Designatronics sells to original equipment manufacturers and equipment users in medical, office equipment, plant maintenance, electronics, computer, communications and other industries. "My policies of freezing County property taxes and removing bureaucratic red tape are working as companies such as Designatronics expand their operations and create new jobs," said Mangano. "With my economic development team, we have created and retained nearly 20,000 private sector jobs and Nassau County now leads the State of New York in terms of job growth. Together, we are creating new jobs and opportunities, attracting new businesses, and putting residents back to work in Nassau County."