(Hauppauge, NY- September 28, 2012) In a decision to grow Suffolk County’s high tech sector and create jobs, the Suffolk County Industrial Development Agency (IDA) today approved incentives for a leading cloud-based software development company whose parent company is based in the United Kingdom.
According to IDA Executive Director Anthony Manetta, VLI North America Inc., headquartered in downtown Huntington, is the second technology company to benefit from BOOST, a new program created to aid innovative start-up companies in high growth industries, including Information Technology, Bio and Life Sciences, Pharmacology, Green Technology and Energy.
VLI is investing $122,000 in new equipment at their Huntington headquarters and will add more than 20 new positions during the next two years with technology industry competitive salaries. Work Market Inc., the first recipient of BOOST benefits, held a grand opening last week from their new offices in Huntington Village.
“With two emerging technology companies now expanding in Huntington, we are well on our way to putting Suffolk County on the high tech map,” said Manetta.
VLI North America, Inc. is a subsidiary of VLI Limited, which is based in the United Kingdom. Both companies were founded by brothers James and William Hodgkinson. CEO James Hodgkinson and company President George Kafkarkou, a former CA Technologies executive with 30 years of experience, formulated the plan to bring the company stateside to Huntington, where Kafkarkou has lived since 2003. The Hodgkinson brothers, their William George Hodgkinson, and Kafkarkou own a significant equity stake in the company.
“As a Huntingtonian for ten years, I am excited to bring VLI North America to my adopted hometown. Now that we are an American company, we intend to create jobs that will give more Suffolk family’s access to the same “American Dream” that informed our decision to bring our company to the U.S.,” said Kafkarkou. All three of the Hodgkinson family founders also own homes in Huntington and nearby Northport. Please click to view the full press release.