Islip, N.Y. – 9-1-15 – The Islip Industrial Development Agency approved a preliminary inducement resolution that will enable Lorraine Gregory Communications, a full-service, integrated marketing and communications agency now in Farmingdale, to move to Hauppauge and expand its operations. The move and expansion will bring 66 additional jobs to the Town of Islip.
Lorraine Gregory plans to spend $5.26 million to purchase and renovate a 47,090-square-foot industrial building on 2.7 acres at 40 Rabro Drive, in Hauppauge, currently owned by Muller-Martini Corp. Muller Martini, the world’s largest producer of print finishing solutions for commercial and book printers, trade binderies, newspapers and digital book manufacturers, previously announced plans to cease manufacturing printing presses.
As part of its incentive package, which is subject to a public hearing and final IDA approval, Lorraine Gregory, will receive a PILOT program that will allow for gradual annual increases of property taxes for 10 years that will save the company $310,677 on property taxes. The company will also receive sales and use-tax exemptions valued at $16,500 on purchases of materials and new equipment and a mortgage recording tax exemption of $47,250.
“Lorraine Gregory is the latest of many companies that have chosen to continue to invest and expand in the Town of Islip with the help of our IDA,” said Islip Town Supervisor Angie Carpenter, who also serves as IDA chair.
The inducement resolution was authorized at the IDA’s meeting on Aug. 25. A public hearing and a final authorizing resolution are required for approval by the IDA.
Lorraine Gregory’s businesses were previously known as Bi-County Mailing, American Mail Communications, Precision Envelope, Direct Printing Connection, and The CPW Group.