A Bronx-based linen service is slated to move to Yonkers with plans to expand its workforce. Assistance on several levels was green-lighted March 27 by the Yonkers Industrial Development Agency (IDA).
Fast Linen Service Inc. plans to purchase a 32,000 square foot property at 945 Nepperhan Ave. to replace its current 6,000-square-foot leased location on White Plains Road in the Bronx. The company said its move to Yonkers will allow it eventually to triple sales.
Fast Linen expects to provide 42 full time equivalent jobs once it completes the move. It now employs 30 in the Bronx. The project will also provide an estimated five construction jobs.
“This is a win for Yonkers and the region,” said Mayor Mike Spano, who is also chairman of the Yonkers IDA. “Current employees can stay with the company, yet people will also be able to obtain the new jobs that will result from the larger location. Fast Linen expects to triple its sales, and we are glad they have chosen Yonkers as the place to do that.”
The Yonkers IDA will provide an estimated $45,810 in mortgage tax exemptions and $61,975 in sales tax exemptions on materials used in construction and renovation on Nepperhan Avenue. Fast Linen expects to spend $3.6 million to purchase and renovate the property. No time table was given for completion of renovations and moving. The IDA also expects to negotiate a temporary property tax abatement.
The jobs brought to Yonkers will pay between $18,000 and $50,000 a year, with a total estimated payroll of $1.05 million annually, the IDA reported. “Providing about a hundred thousand dollars in tax incentives to bring more than 40 jobs to Yonkers is a good return for the city,” said Spano.
