The Suffolk County Industrial Development Agency gave $5 million in tax breaks to Contract Pharmacal Corp. for its $40 million expansion in Hauppauge, according to Newsday. The company plans to buy a 17,500-square-foot manufacturing building and then build a 140,000-square-foot extension that’d connect that building to its current facilities. The IDA benefits include about $3.6 million in property tax breaks over two decades. They’ll also get sales tax breaks for the expansion. Contract Pharmacal has several facilities in Hauppauge, several of which benefitted from IDA assistance. [Newsday]
Contract Pharmacal gets IDA breaks for $40M expansion in Hauppauge
