Jun 30, 2015

Health Level One seeks tax break for move across Hauppauge

 

The Hauppauge-based Health Level One, an analytics testing lab, seeks a tax break as the company plans to move across town to a larger facility.

Health Level One currently leases a 5,000-square-foot building at 18 Commerce Drive and wants to purchase its first building, a 21,000-square-foot facility at 180 Adams Avenue, also in Hauppague, to renovate into a testing lab.

Owner Monica Bhasin applied with the Suffolk County Industrial Development Agency on Thursday for a PILOT, or payment in lieu of taxes, on Thursday, for a total of $170,000 over ten years. The structure of the PILOT is a sales tax exemption, mortgage recording tax and a 10 year PILOT tax abatement at 50 percent the first year and decreasing by five percent for the balance of the 10-year program. The company will save an average of 27.5 percent on property taxes over the life of the PILOT.

Health Level One has nine employees and must move to a larger space in order to hire more workers, Bhasin said. With the move, she plans to add five jobs.

“Right now, I don’t have the capacity to hire even one more person,” she said.

Having started at an incubator in Calverton in 2008, Health Level One, which mainly analyzes the ingredients in food supplements and vitamins, has experienced “explosive growth,” Bhasin said, and she prefers to hire Stony Brook graduates.

“There is a lot of promise of a lot more work coming in,” she said.

The average salary at the company is $40,000.