Broadridge Financial to Stay on Long Island With Renewed Lease

Ed Lynch Tuesday, September 4, 2012

Two different leases for two production plants which are owned by Broadridge Financial Services have been renewed by the company. This means that the workforce of 1,500 employees are going to be happy with their continued employment without having to worry about the unemployment office.

The two production plants are located in Brentwood and Edgewood, both of which are within Suffolk County. One of the reasons that the deal went through is by the hard work of Deputy County Executive, Commissioner of Economic Development & Planning Joanne Minieri. She was instrumental in working with county, state, and utility reps in putting together an incentives package for Broadridge and its employees.

In recent months the company had been courted by several states including Florida, Ohio, Texas and New Jersey to relocate their production plants in their states. However, back in May the Suffolk County Industrial Development Agency approved the incentive package that Minieri worked to put together between the company and several area agencies including the Long Island Power Authority.

Suffolk County Executive Steve Bellone stated of the decision by Broadridge, “Preserving 1,500 jobs at Broadridge is a victory for our efforts to work aggressively to retain and grow businesses in Suffolk County.  I applaud Broadridge for working together with the Suffolk County IDA and Empire State Development Corporation and spurning offers from places like New Jersey, Virginia, Florida Ohio and Texas to continue to grow their company here and contribute to our local economy.”

Following up on this comment by Bellone, the Empire State Development President, CEO & Commissioner Kenneth Adams said, “Under the leadership of Governor Cuomo and great local partners like Suffolk County Executive Bellone, the state has gone to great lengths to improve our business climate and maintain the long-term presence and success of Broadridge in New York. We are proud to continue building on our work with Broadridge by providing them with the financial tools and better business environment they need to keep their 1500 jobs on Long Island.”

There is no question that the incentive package that was put together by Minieri working very closely with NYESD, IDA, NIPA and LIPA had a major part in the decision to Broadridge to stay in Long Island. Not only to keep the jobs locally within the Long Island, and Suffolk County, area, but to contribute to economic growth in the area.

Edwardl@longislandyellowpages.com

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