Jan 04, 2024

Suffolk IDA preliminarily approves investment for 45 Oser Ave. project

The Suffolk County Industrial Development Agency (SCIDA) has preliminarily approved a transaction to assist B9 Oser Owner, LLC in constructing a new warehouse and distribution building at 45 Oser Ave. for its tenant, Max Finkelstein Inc,. a subsidiary of U.S. Autoforce, which is a division of U.S. Ventures, Inc. With the SCIDA’s support, the project applicants will invest $9 million to construct and customize a 132,515 s/f headquarters, allowing Max Finkelstein, Inc. — a family-owned business — to expand their facilities on Long Island with a larger, more modern warehouse. This action will create six additional jobs within the first two years and retain their existing 45 full-time employees, which amasses to a total payroll of more than $3.2 million.

“This project aligns with our mission as it ensures a Long Island-based company remains and expands in the region,” said Kelly Murphy, acting executive director of the Suffolk County IDA. “Providing assistance to businesses in this situation not only positively impacts our local economy, but also significantly benefits the Suffolk County residents employed by these companies. We take pride in supporting the growth and prosperity of a company that has been located in Suffolk County for decades.”

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