The Real Deal New York

Suffolk IDA offers tax incentives to tempt Estée Lauder to open $14.5M Melville facility

August 27, 2018 01:35PM

The Industrial Development Agency for Suffolk County offered up $895,000 in tax breaks to Estée Lauder in an effort to sway the cosmetics company to open a $14.5 million-dollar facility in Melville, rather than other locations its considering like New Jersey or Pennsylvania. The two states have made similar incentive offers to the company, Newsday reported. Estée Lauder already employs 2,502 people on Long Island and the expansion would add another 31 jobs to that tally. The company has proposed expanding its existing Melville facilities by renting an adjacent 51,580-square-foot building, which would require pricey upgrades. Estée Lauder is also trying to shrink its electrical bill from utilities companies and to get additional tax breaks from Empire State Development. [Newsday]