May 17, 2024

Leviton Manufacturing Co. awarded $1.8M in tax breaks to keep its headquarters on Long Island

By James T. Madore james.madore@newsday.com  

Suffolk County on Thursday offered $1.8 million in tax breaks to keep an electrical products manufacturer from moving its Melville headquarters and more than 400 employees out of state, officials said.

The county’s Industrial Development Agency gave preliminary approval to the eight-year tax deal for Leviton Manufacturing Co. in return for the firm’s pledge to continue renting its corporate office for the period.

Without the tax breaks, Caroline Kispert, Leviton’s senior director of risk management and real estate, said the company could terminate the lease on 201 North Service Rd. and shift jobs to other states and countries.

“We want to remain here … but we do have other options” in terms of where the 156,000-square-foot headquarters could be located, she told the IDA’s board of directors.

“If [IDA assistance] didn’t work out, we would ultimately just shrink our footprint here — limit it to very high-level employees — and move the other operations, the other departments to the actual manufacturing operations” elsewhere in the United States and Mexico, Kispert said, responding to a question from IDA board member Joshua Slaughter.

Read more at Newsday…