BROOKHAVEN INDUSTRIAL DEVELOPMENT
Transcription
BROOKHAVEN INDUSTRIAL DEVELOPMENT
BROOKHAVEN INDUSTRIAL DEVELOPMENT AGENCY ACCEPTS APPLICATION FROM L.I. COMPOST CORP. FOR ANAEROBIC DIGESTER FARMINGVILLE, NY (June 3, 2015) – Frederick C. Braun III, chairman of the Town of Brookhaven Industrial Development Agency, announced that the agency has accepted an application for assistance from Long Island Compost Corp. The company has filed an application seeking assistance that may include tax-exempt bond financing to allow it to build its $50 million, planned anaerobic digester project at its 62-acre facility in Yaphank. The IDA will consider the application over the next few months, but first it must schedule and hold a public hearing. The equipment, completely enclosed in a 75,000-square-foot building, would allow Long Island Compost to use anaerobic digestion technology—used for decades in Europe and elsewhere—to process food wastes from Long Island restaurants, institutions, and grocery chains. In addition to producing mulch, the project would provide enough electricity to run the Yaphank facility and will also produce compressed natural gas to power the company’s fleet of trucks. The project is expected to result in the creation of 20 new jobs and the retention of over 100 jobs. “Should this project reach fruition, residents of Yaphank who for years have complained of dust and odor emanating from Long Island Compost’s facility may soon be able to breathe fresh air” said Braun. Long Island Compost agreed to build the anaerobic digester in 2013 after months of mediation by the State Department of Environmental Conservation with environmental and civic groups. This year, the IDA has already assisted 5 commercial projects including Rail Realty, an apartment complex in upper Port Jefferson Village and Meadows at Yaphank Phase 1, a mixed-use development in Yaphank. The Brookhaven IDA has 9 additional projects under consideration with the potential to create and retain 1,800 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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