Oceanside, NY According to Nassau County executive Edward Mangano, the Nassau County Industrial Development Agency (NIDA) has approved an economic compact that will bring a Brooklyn producer of bialys and bagels to the area along with 72 new jobs.
B&S Bialys/Bagels by Bell Ltd., a third generation business established in 1947 and one of the largest bakers of bialys and bagels in the northeast, will purchase and equip a 30,000 s/f industrial building at 3333-3345 Royal Ave. The move will generate $274 million in economic benefits for Nassau County and almost $250,000 in net tax benefits.
Mangano said, “The relocation of one of the nation’s largest bagel and bialy manufacturers from Brooklyn to Oceanside illustrates the continued confidence employers have in Nassau County’s economy. Bell’s $2.5 million brick-and-motor investment in Oceanside will benefit our economy to the tune of $274 million and bring 72 jobs to Nassau County that would otherwise end up in New Jersey.”
The company had seriously considered relocating to Carlstadt, N.J.
The NIDA approved the economic compact at a meeting on Oct. 28. Bell’s also will receive economic incentives from Empire State Development Corp., low cost electricity from PSEG Long Island and low-cost natural gas from National Grid.
Bell’s is best known for its bialys, a baked savory roll with a depression in the middle filled with caramelized onions. A bialy combines the taste of a bagel and an English muffin. Bell’s bialys are baked using a more-than-century-old recipe brought over from Bialystock, Poland. Now in a 13,900 s/f building that it owns at 10013 Foster Ave. in Brooklyn’s Canarsie neighborhood, Bell’s, was started by Martin Bell, who handed the business down to his son, Warren, and who now is turning the reins over to his son, Jared. Bell’s wholesales to other bakeries in Brooklyn, major retail supermarket chains throughout the Northeast, as well as in Florida and California. Through the Internet, Bell’s also ships across the globe. It produces about 3,000 bialys daily.
When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.