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Article: NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY ASSISTS TWO INDUSTRIAL COMPANIES TO EXPAND IN QUEENS

Article from:
US Fed News Service, Including US State News
Article date:
October 16, 2009
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NEW YORK, Oct. 13 -- The New York City Economic Development Corporation issued the following press release:

The Board of the New York City Industrial Development Agency (NYCIDA) today gave preliminary approval for sales and real estate tax incentive packages to assist two industrial companies to expand in Queens. Dinas Distribution Corporation plans to invest $3.8 million to acquire and renovate an approximately 32,000-square-foot facility in Jamaica. PA Austin LLC, an affiliate of Parts Authority, will acquire the 7,350-square-foot facility it currently leases in Rego Park. Together, the two projects will retain more than 45 jobs and create approximately 20 new ones over the next three ...

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