Contract Pharmacal plans to expand into a new space on Long Island, New York. The 125,100-square-foot building would be renovated for use as offices and a warehouse.
The $1.7 million expansion was awarded tax breaks from the Suffolk County Industrial Development Agency. The incentive package totals $691,166, including a property-tax savings of $551,450 over 10 years, or a 27.5% reduction.
The 48-year-old company operates from nine buildings in Hauppauge and employs approximately 1,300. The expansion project would add 15 jobs within two years, as well as hires for a new R&D laboratory.