Organic, natural food giant to relocate HQ on Long Island
Currently based in Melville, N.Y., about 20 miles east of its future home, Hain Celestial said its 2…
Currently based in Melville, N.Y., about 20 miles east of its future home, Hain Celestial said its 250 employees will move to the newly leased 86,000-square-foot office space, where it will make some capital improvements, including building a research and development center to facilitate product innovation.
Hain Celestial employs about 4,000 employees worldwide, and 1,200 in the United States. Its sales have grown from about $400 million in 2001 to a projected $1.4 billion by its June 30 fiscal year end.
The company said it has committed to investing $10 million as part of its office relocation and expansion of its operations with tax incentives provided by the state, supported by an incentive package from Empire State Development (ESD) of $4.5 million in Excelsior Jobs Program tax credits.
"Nearly 20 years ago, I founded Hain Celestial as a start-up company on Long Island with a handful of employees. By 2001 we had 120 employees and over $400 million in sales when we moved to our present location. As a proud resident New Yorker, I am pleased to be increasing our commitment to the region with the expansion of our international corporate headquarters complete with state-of-the art sustainable features," said Irwin Simon, founder and CEO.
The Nassau County Industrial Development Agency will provide Hain Celestial with a 16-year payment in lieu of taxes (PILOT) agreement and a sales and use tax exemption for up to $603,750 in purchases for furniture, fixture and equipment related to the renovation of their international headquarters. In return for the tax incentives, Hain Celestial should bring at least 315 net new jobs to Nassau County.
"The expansion of Hain Celestial means an industry-leading business and almost 400 jobs will stay right where they belong on Long Island," said Governor Andrew Cuomo said. "This is another strong sign that New York is becoming a place where businesses want to grow and make long-term, job-creating investments."