Pharmaceutical company Contract Pharmacal Corp. will invest $40 million to expand its operations in Hauppauge, New York.
According to the Suffolk County Industrial Association, the company plans to acquire and connect a 17,500 square foot manufacturing complex next to its current facility.
Contract Pharmacal would also increase its full-time employee count by about 150 to 1,513.
The IDA benefits include about $3.6 million in property tax breaks over 20 years, as well as sales tax breaks for the expansion. The company will not get tax breaks on the building acquisition.
“The proposed investment will help expand Contract Pharmacal’s manufacturing operations in Suffolk County and add a significant number of jobs to the local economy,” said Tony Catapano, Executive Director of the Suffolk County IDA.