Brookhaven Industrial Development Agency Accepts Application For Incentives for New Supplier Of Road Striping Materials

FARMINGVILLE, NY (May 30, 2017) –- (RealEstateRama) — Frederick C. Braun III, chairman of the Town of Brookhaven Industrial Development Agency (IDA), announced the agency accepted an application from a company that plans to build a plant to supply advanced road marking materials in Shirley.

Brookhaven Industrial Development Agency (IDA)

Regent Tek Industries Inc., a technologically advanced start-up manufacturer of thermoplastic road marking materials, will become one of just a handful of manufacturers in the Northeastern United States, according to the company. Regent Tek, a certified Woman Owned Enterprise, plans to use innovative thermoplastic formulas developed in Europe and specially formulated for northern climates and will supply line-striping companies and transportation agencies north of Virginia and as far west as Illinois.

The application by a Regent real estate affiliate, Nicstenik LLC, will be considered under the IDA’s adaptive re-use policy. The application, accepted at the IDA’s April 19, 2017 meeting, is subject to IDA review, a public hearing and final approval.

Regent Tek Industries, owned by Helen Torkos, of Shelter Island, plans to buy an existing17,500-square-foot industrial building at 202 Mastic Blvd. in Shirley, at a cost of $2.4 million. The company will have five full-time employees within a year of beginning operations. The company plans to open on July 1.

“We are pleased that Regent Tek Industries has decided to locate their exciting new business in the Town of Brookhaven, revitalize a building, and bring new jobs to the town,” said Braun.

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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Brookhaven Industrial Development Agency

The Brookhaven IDA is prepared to provide your company with information on potential sites, demographics and other community information. The Brookhaven IDA can provide incentives and benefits for job producing projects. Contact us to learn more.

Contact:

Phone: 631-451-6563
Fax: 631-451-6925

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