BROOKHAVEN IDA ACCEPTS APPLICATION FROM PENN FABRICATORS FOR $5.3 MILLION MOVE, EXPANSION IN MEDFORD

07/22/15

FARMINGVILLE, NY (July 15, 2015) – Frederick C. Braun III, chairman of the Town of Brookhaven Industrial Development Agency, announced that the agency has accepted an application for economic assistance from Penn Fabricators, which intends to construct an industrial building to accommodate its growth.

Penn, a manufacturer of quartz kitchen countertops now in Yaphank, has filed an application seeking assistance to construct a 30,000-square foot building on 3.5 acres on Platinum Court in Medford. The company, which began business in 2,000 square feet in 1991, now occupies 22,500 square feet of leased space at 100 Bellport Avenue, Medford. The third-generation family business is a wholesale fabricator of DuPont brand Corian and Zodiaq quartz countertops. Penn said the $5.3 million project would allow them to expand operations and add 10 employees to its current roster of 73. The company is expanding into the fabrication of Dekton material, a high-tech, quartz-based product developed by Spain’s Consentino Group that is used for indoor paneling and outdoor siding. The IDA will consider the application over the next few months, but first it must schedule and hold a public hearing. “The Brookhaven IDA is pleased to accept this application,” said Braun. “The IDA is ready and willing to help businesses such as Penn Fabricators that wish to expand their operations in our town.” This year, the IDA has already assisted 7 commercial projects including Rail Realty, an apartment complex in upper Port Jefferson Village, Crestwood, a milk distributor, and Meadows at Yaphank Phase 1, a mixed-use development in Yaphank. The Brookhaven IDA has 11 additional projects under consideration with the potential to create and retain 2,000 jobs and result in $225 million in investment to the community.

About the Town of Brookhaven Industrial Development Agency
Since 1971, the mission of the Brookhaven Industrial Development Agency has been to promote the economic welfare and prosperity of the Town of Brookhaven by assisting in the acquisition, construction, reconstruction, and equipping of commercial and industrial facilities. The IDA has issued millions of dollars in tax-exempt or taxable bonds and provided assistance through straight lease deals to encourage companies to either locate or expand in the Town of Brookhaven. This assistance has been extended to companies both large and small, and has resulted in the direct creation of thousands of jobs for Brookhaven residents. The IDA has provided assistance to a wide range of companies, including Tate's, Amneal Pharmaceuticals, Precision International, LI Precast, Woodcrest, Uncle Wally's, and Framerica. For more information visit BrookhavenIDA.org or call 631-451-6563.

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