Nassau’s Industrial Development Agency approved economic development compacts on June 28 that assist two local manufacturers to expand operations and retain 500 jobs in Nassau.
Port Washington-based LIF Industries, a fire door manufacturer, will expand its operations and keep more than 300 jobs in Nassau that might have been moved out-of-state. Family-owned Slant/Fin Corp., America’s largest manufacturer of baseboard heating equipment and one of the top manufacturers of gas and water boilers, will spend $3 million to modernize its building and retain its unionized workforce of 229 in Greenvale. The company had considered relocating to Connecticut.
Since 2010 under Nassau Executive Edward Mangano, more than 7,000 local jobs have been retained.
“Nassau County continues to lead the region with the lowest unemployment rate due to my economic development teams’ success in retaining local employers and attracting new companies and their jobs to our communities. The retention and growth of these two companies and their 500 jobs ensures residents continue to have local job opportunities and helps maintain the tax base for schools and other municipalities,” Mangano said.
Nassau’s IDA consists of a team of professionals whose mission is to promote the economic welfare and prosperity of Nassau. It is a resource for businesses in Nassau, and those considering relocation. The IDA provides assistance to businesses interested in relocating, expanding and financing new investments.
For more information, visit Nassauida.org, or call (516) 571-1945.