Dive Summary:
- Peconic Recycling & Transfer Corp. is planning to construct a recycling facility in Cutchogue, N.Y., after receiving approval for $348,000 in tax breaks from Suffolk County.
- The 34,200 square foot plant is expected to cost $7.1 million and will accept plastic, metal and paper from residential, commercial and construction sites.
- The tax incentives stem from Peconic Recycling's assurance to create 12 jobs at the plant by 2016.
From the article:
... The county's industrial development agency... backed the project with more than $348,000 in tax breaks, including a property-tax savings of $228,074 over 10 years.
DiVello [Peconic's operations director] said the facility would be powered by solar panels on the roof and operate year-round...
Bob Kern, the company's community affairs director... said Peconic Recycling's workforce will be unionized. ...