Drug company seeks IDA help in Yaphank expansion

Amneal Pharmaceuticals wants the Brookhaven Industrial Development Agency to award the company economic incentives as part of its $1.1 million renovation and expansion in Yaphank. Amneal plans to lease 84,000 square feet of warehouse space from a building owned by Rechler Equity Partners. It currently operates out of a 410,000-square-foot building and employs about 700 people. Amneal’s changes are expected to bring seven new jobs. The IDA anticipates, however, that the company will likely expand more in the future. The application has already been subject to a public hearing, but faces further staff review before final approval. [LIBN]