Broadway National Group planning $11M expansion in Hauppauge – New York News

A Suffolk County company that helps Walmart, Staples, Macy’s and other retailing chains maintain their stores is planning an $11 million expansion in Hauppauge.


Broadway National Group LLC wants to purchase and renovate 100 Davids Dr. for use as its headquarters. The company now operates from a smaller building in Ronkonkoma.

Last week, the Suffolk County Industrial Development Agency endorsed the project with $1 million in tax breaks, including $733,750 off property taxes or a 26.5 percent savings over 15 years.

In return, Broadway National pledged to add 50 people to the company’s workforce of 101 by 2020.

“Our business is growing so rapidly . . . and we really only see the future getting brighter,” said William E. Paparella, the company’s CEO and founder.

Broadway National’s revenue has climbed from $1.4 million in 2004 to a projected $48.3 million this year.

The privately-held company’s payroll has risen from 63 two years ago, according to documents given to the IDA. Records show that employees earn, on average,…

click here to read more.

Categories
New York News
No Comment

Leave a Reply

*

*

RELATED BY