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Mangano Helps Create & Retain 129 Jobs At Family-Owned Business In Greenvale

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Uploaded on Jan 26, 2012

Nassau County Executive Edward P. Mangano today joined officials of the Nassau Industrial Development Agency (IDA) and Robert Penn, owner of Penn Toyota, for a ceremony to mark the beginning of construction of an upgraded and expanded facility for the 40-year-old family-owned dealership in Greenvale. Approximately 30 percent of Penn Toyota's sales are derived from outside Nassau, primarily Suffolk and Queens.

"My administration is working tirelessly to assist local businesses in creating and retaining private sector jobs for our residents," said County Executive Mangano. "I am thrilled that Penn Toyota will expand their operations in Nassau, and hope they continue to serve the County for another 40 years to come."

Penn Toyota received an economic development compact from the Nassau County IDA that will permit the dealer to comply with national Toyota standards by renovating its 20,000-square-foot building in East Hills and constructing a 15,000-square-foot addition. The renovation allows Penn Toyota to retain 59 current jobs, create 20 new full-time private sector jobs and create 50 new construction jobs. Together, these investments in job creation will provide $19 million in benefits to Nassau County's economy.

Joseph J. Kearney, the IDA's Executive Director, added, "This project will allow Penn to meet current Toyota design and appearance standards and remain in business. We found a way to help them renovate and grow their payroll, too."

About the Nassau County IDA

The 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 business interested in relocating, expanding and financing new investments. It has provided assistance to a wide range of companies, from Arizona Iced Tea and Sleepy's Mattress to Cold Spring Harbor Labs and Grumman Studios. For more information, please visit nassauida.org or call (516) 571-1945.

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