Liverpool, N.Y.-based Raymour & Flanigan Furniture is opening a new, $46 million regional distribution center in Rockland County that is projected to create 300 new, local jobs.
The company has agreed to purchase and renovate an existing 800,000-square-foot facility in the village of Montibello.
Gov. Andrew M. Cuomo announced the expansion Monday, saying that over 10 years the move will amount to $135 million in wages for local employees.
“Raymour & Flanigan has been a part of New York”™s family of businesses for 65 years,” Cuomo said in a statement. “We are proud to help them add to their family and ours.”
Raymour & Flanigan, the nation”™s fifth-largest furniture retailer, has stores in Middletown, White Plains and Yonkers and has clearance centers in Nanuet and Poughkeepsie.
As part of the deal to open the new facility, Raymour & Flanigan will receive $2.3 million in Excelsior tax credits from Empire State Development Corp. and a package of financial incentives from the Rockland County Industrial Development Agency. Excelsior credits are extended to businesses that pledge to create jobs and make significant capital investments in New York state.
“Under Governor Cuomo”™s leadership, we are seeing more and more home-grown companies decide to stay and expand their business in New York,” Empire State Development President, CEO and Commissioner Kenneth Adams said in the statement. “Which means more jobs for New Yorkers.”
Located at 30 Dunnigan Drive, the 839,000 square-foot facility purchased by the furniture retailer was formerly a Dress Barn warehouse and distribution center. The new facility will serve the tri-state region. Par Pharmaceuticals Co. Inc. currently leases roughly a fourth of the facility and plans to retain its lease.
“The announcement that Raymour is relocating to Rockland County is welcome news as we experience very challenging economic times,” Rockland County Executive C. Scott Vanderhoef said in the statement. “The Rockland IDA continues to attract the quality corporations that we need to enhance our economic base.”
Founded in 1947 in Syracuse, Raymour & Flanigan owns 95 stores across the Northeast and employs 2,079 workers across New York state.
