Nassau County Executive Edward P. Mangano today announced that the Nassau County Industrial Development Agency (IDA) has approved an economic development compact that will allow aerospace technology developer Cox & Co. Inc. to expand its operations in Plainview, guaranteeing that 185 jobs will remain in Nassau, creating an additional 30 jobs and pumping $284 million into the Nassau County economy.
“Cox and Co. is a growing technology and manufacturing business that represents the lifeblood of our local economy,” stated County Executive Mangano. “The planned expansion of a company that not too long ago relocated to Nassau County from New York City demonstrates my administration’s commitment to growing the economy.”
The compact, with Cox and its landlord, Steel Equities, will be used to assist in the construction and expansion of the company’s facilities at 1650 Old Country Road in Plainview, where Cox has been located since moving from New York City 2008. Cox is expanding from approximately 90,000 square feet to about 97,500 square feet. The compact approved by the IDA on March 1st extends an existing compact, granted in 2008, for another 14 years. The agreement ensures that jobs already in Plainview will be maintained and requires the company to create 30 new positions by the end of 2019.
Cox and Co. is a high-tech, high-skilled, employee-owned aerospace manufacturing company. It is an industry leader in the design, development, test and manufacture of high quality custom systems for the aerospace, industrial and transit industries. Cox heating systems were on the Grumman/NASA Lunar Landing Module used by NASA to transport men to the moon.
With the help of the IDA in 2008, Cox invested $35 million in the Plainview facility and created 185 aerospace engineering jobs in Nassau County. Today, Cox makes temperature control and de-icing equipment for every plane manufactured by The Boeing Co. and Airbus Industries as well as airplanes manufactured by others.
About the Nassau County IDAThe Nassau County Industrial Development Agency consists of a team of professionals whose mission is to promote the economic welfare and prosperity of Nassau County. It is a resource for businesses in Nassau County and those considering relocation. The IDA provides assistance to businesses interested in relocating, expanding and financing new investments. It has provided assistance to a wide range of companies including Hain Celestial, Arizona Iced Tea, Dealer Track Technologies and Grumman Studios. For more information, please visit www.nassauida.org or call (516) 571-1945.