A Hauppauge pharmeceutical company has been offered incentives by Suffolk County Industrial Development Agency to expand and compete in the global market.
A&Z Pharmeceutical is planning a $3.3 million renovation of existing leased space to be used for manufacturing products to be exported in bulk to China and European markets. In addition, the company plans to relocate its Information Technology infastructed to the renovated facility in the Hauppauge Industrial Park.
The manufacturer expects to add 25 new jobs and increase its annual payroll by more than $1.6 million during the next two years.
To help carry out this project, Suffolk County IDA has offered A&Z Pharmecueticals assistance in upgrading its facility to meet international pharmaceutical standards and postiiton the company for further growth.
"At a time when many American compansy are still outsourcing and offshoring, A&Z Pharmaceutical is tapping the interrational market to create jobs here in Suffolk County. Providing incentives so A&Z can continue to grow and create jobs here is the smart thing to do," County Executive Steve Bellone said in a statement.
A&Z Pharmaceuticals was founded in 1995 as a manufacturer and distributer of over-the-counter private labe pharmaceuticals. As the company has grown, it expanded to the untapped OTC market in China and has quickly outgrown its current facilities.
"This incentive package will greatly assist our expansion of oprations. Having come from China and now living on Long Island for more than 16 years, I am honored to be able to continue building and expanding our company here in Suffolk County," said Emma Li, A&Z chairwoman and co-owner, in a statement.
Li said she also believed that Suffolk County offers the potential for other company to expand and retain their work force by tapping talent coming out of the local colleges.