By James T. Madore
The Suffolk County Industrial Development Agency is offering an eight-year tax break to keep a Huntington tissue manufacturer from moving out of state, officials said.
Select Products Holdings LLC would save $125,300, or 20% off the property taxes on its office, factory and warehouse at 1 Arnold Dr. over eight years.
In return, the manufacturer of toilet paper, napkins, facial tissue and paper towels would install $250,000 in equipment and add six people to its workforce of 71. They earn, on average, $55,670 per year, records show.
Select was started in Huntington in 2012 by then-CEO Simon Roozrokh and four partners: Justin Adelipour, Zoheir Aghravi, Hamid Darouvar and Siamak Khezri. At the time, the IDA granted a $221,000 property-tax reduction over eight years in return for a $5 million investment and the creation of 43 jobs. Read more at Newsday.,.