With Plenty of New Jobs on The Line, Nature’s Bounty Gets Second Chance

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York About six years ago, Nature’s Bounty, the vitamin and food-supplement maker that employs over 2,000 in the Town of Islip, announced plans to open a $32 million, 60,000-square-foot manufacturing facility in Amityville’s New Horizons Industrial Park, located in the Town of Babylon.To run it, Nature’s Bounty would soon hire more than 200 local workers to manufacture energy bars for global sales. A vitamin and food-supplement manufacturer with manufacturing operations in California, China and elsewhere, Nature’s Bounty was, and is, Islip’s largest employer that is not a hospital. It is also one of the largest private employers in Suffolk County.To sweeten the pot for company officials, the Babylon Industrial Development Agency slashed the company’s Amityville tax bill by 60 percent for 15 years. In 2013, when the facility opened, Empire State Development, New York State’s economic-development arm, offered a $750,000 grant of its own.Within just two years, the good vibes soured. In March 2015, Nature’s Bounty closed the plant, axing more than 200 jobs. The plant’s work was outsourced to Nellson Nutraceutical, a California company whose “very special manufacturing capabilities” could “produce more bars and faster,” according to a spokeswoman.Matthew McDonough, Babylon IDA’s chief executive, tried to talk the company into staying. No dice.“California,” he says, “was a done deal.”The state withheld grant payment while McDonough clawed back nearly $294,000 in owed abatements.“Ironically, we ended up leasing one of the buildings to Bloomfield Bakers, from California,” he tells me.By the following year, the company was considering its options. In Fall 2016, Nature’s Bounty told Empire State Development that its 11 Long Island manufacturing facilities required extensive upgrades to keep the company from relocating. Howard Zemsky, Empire State Development’s chief, “assessed the threat of moving the company’s manufacturing and distribution out of state to be real,” according to William Mannix, executive director of Islip’s Industrial Development Agency. Albany then offered a grant of up to $25 million and $10 million in job training and other workforce development programs.In return, the company committed to creating 157 new jobs, retaining 2,042 existing jobs while investing over $142 million on upgrading its Long Island plants.Locally, Islip’s IDA board offered $8.4 million worth of tax abatements to the company over the next decade. The agency also expects to extend an undetermined amount of sales tax benefits as well, based on final capital cost reporting. The retention deal is expected to close within several weeks.Job creation is a key component of any government retention strategy. According to a report in Newsday at the time, Nature’s Bounty’s CEO “pledged” to add the jobs within a year’s time. A spokeswoman says that the equipment needed to run the facilities would be transferred within three months’ time.Since then, the company’s executive suite has had a shakeup. Last July, Nature’s Bounty’s long-time private equity owner, the Carlyle Group, sold a majority-stake sale of the company to Kohlberg Kravis Roberts for a reported $3 billion. After the deal the new owners divested most of the company’s European operations, slimming its global work force by about 75 percent.CEO Steve left Ronkonkoma and moved into the corner office of the Kellogg Company, the global cereal maker. Replacing him was Paul Sturman, former worldwide head of Pfizer Consumer Healthcare. The company’s best-known brands remain, including the flagship Nature’s Bounty, plus Sundown Naturals, Osteo Bi-Flex, Solgar, Balance Bar and Puritan’s Pride.Despite the upheaval, apparently neither state nor local IDA officials have opened conversations with Sturman to gauge the new CEO’s level of commitment to his predecessor’s pledge. Messages asking about job creation left with Sturman were not returned. Jodi Katz, a spokeswoman, says hiring information “would be made available at such time as we submit a filing” with Empire State Development. That won’t be before the end of the year, at the earliest – a long time for people waiting on jobs.John Lombardo, who runs Suffolk County Community College’s Advanced Manufacturing program, tells me: “I know firsthand they are actively participating in every job fair at Stony Brook, Suffolk Community College and the regional labor departments. I’ve every reason to believe they’ve probably already exceeded their original hiring goals.”Hopefully this time the new hires will be permanent.Warren Strugatch is a partner with Inflection Point Associates, a consulting firm in Stony Brook. Contact him at [email protected]last_img read more

“Renovator’s delights’’ the new in demand property type

first_imgIt needed a fair bit of renovation work, but 184 Annie St, New Farm still attracted a big price. Picture: realestate.com.auThere were 19 registered bidders and according to marketing agent Scott Darwon of Ray White, the highest offer before auction was $1 million.“There was a bidding war between two parties and it sold for $1,340,000,’’ he said.The four-bedroom home was described in its listing as a “diamond in the rough’’.More from newsMould, age, not enough to stop 17 bidders fighting for this home4 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor4 hours agoNew Farm is a popular inner city suburb with a median house price of $1.605 million and renovated properties often achieve record sale prices.It was the first time in more than 20 years that the home had been offered for sale. It was on a 354sq m block and had original VJ walls, high ceilings and timber flooring. At 3 Mitta St, Everton Park, the wooden floors are hidden under carpet in the four-bedroom home. 35 Macgregor Tce, Bardon, is described as “full of promise”. Picture: realestate.com.auThe three-bedroom home is said to be “full of promise’’.The original 1930s Queenslander is untouched and original throughout. It has original period features including high ceilings and VJ walls.It could potentially be built-in underneath subject to council approval. The kitchen could do with a bit of modernising at 3 Mitta St, Everton Park. Picture: realestate.com.auIt’s described by its listing agent, Gary Watling, of Harcourts Solutions, as a “new project to call home’’. The house has been held by the same family for 45 years and has not been updated during that time.It sits on 607sq m of land and has high ceilings with wide plaster cornices and double doors which lead from the lounge area to the patio.At Bardon, a home at 35 Macgregor Tce is listed for auction on June 10 through Peter D’Arcy of D’Arcy Estate Agents.center_img 184 Annie St, New Farm sold under the hammer for $1.34 million. Picture: realestate.com.auFancy yourself pretty handy with a hammer?Reckon you could give those contestants on The Block a run for their money?Then maybe your property search should be focusing on a “renovator’s delight’’. ALMOST $1 MILLION FOR THIS RENOVATOR’S DELIGHT There are plenty of properties advertised for sale that need either a little TLC or a massive makeover to transform them.In popular New Farm, a cottage at 184 Annie St attracted strong interest when it went to auction this week.last_img read more

Huge hinterland holding offered for the first time in a century

first_img The original brick homestead, once the Eden family home, remains on the property.The Eden family no longer live on the land, with a caretaker appointed and residing in the original homestead, a lowset brick home with four bedrooms.Mr Williams said a Town Planning report was being prepared on the land which is zoned both Rural and Rural Residential and encompasses 12 lots with 12 titles.The lots range in size from 1.445ha to 8.288ha with the holding being offered as a whole. “The potential uses could be associated with tourism or an eco type of use, subject to council approval,” Mr Williams said. “Alternatively, someone could come in and potentially utilise the existing 12 titles and sell them off individually. There aren’t many opportunities on Tamborine Mountain to do that.”Tamborine Mountain is a popular destination for locals and tourists, being perched on a picturesque plateau behind the Gold Coast and one hour from Brisbane. Buy a mansion for $5.9m, get a free cruiser Limits and borders keep on site auctions at bay A 30ha holding at 272 Main Western Rd and Esme St, Tamborine Mountain is on the market for the first time in 100 years.ONE of the largest privately-owned properties on Tamborine Mountain in the Gold Coast Hinterland has hit the market for the first time in 100 years.The rare parcel occupies 30.2ha of prime elevated land on North Tamborine and presents an exciting opportunity for a range of interested stakeholders.“A 30ha site in Tamborine Mountain is extremely rare,” said marketing agent Tony Williams of Ray White Special Projects QLD, who is selling the parcel as a whole.“The response locally has been really, really strong because it’s such a well-known property within Tamborine Mountain.”The property, at 272 Main Western Rd and Esme St, has been held for three generations by the Edens, a prominent family on Tamborine Mountain who originally ran a dairy farm. center_img MORE: Tony Smith’s Mermaid Beach mansion sells for record sum More from news02:37International architect Desmond Brooks selling luxury beach villa7 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoA 30ha holding on North Tamborine is 30 minutes from the Gold Coast and one hour from Brisbane.This highly usable land has a gentle gradient from the Western side to the eastern boundary where there’s plentiful access to water from wells and bores.Since the holding was launched last week, Mr Williams said inquiries had been strong with interest coming in from a broad range of stakeholders. “There are groups from in and around the area who have an interest in the blocks individually,” he said.“There are groups looking at it for agricultural purposes. There are also speculators looking at keeping a component and selling the other titles or alternatively selling them all.”Mr Williams said it was impossible to put a price guide on the land which is being offered under an expressions on interest campaign, closing on 2 July at 4pm.“It’s such a unique holding that it’s very difficult to do so [offer a price guide],” he said.“The Eden family have clearly owned it for a very long time so we need to go through a process which is really a market-driven outcome to see where the offers are.”last_img read more

Twin 20 triumphs for Linkenhoker, Worrell in Virginia Sprint Series Shenandoah show

first_imgBy Jim HainesSHENANDOAH, Va. (May 14) – A rain delay on April 30 after the trophy dash meant a changeup format was put into play when Virginia Sprint Series drivers returned to Shenandoah Speedway Saturday night for a pair of twin 20-lap features.Anthony Linkenhoker became the first repeat winner for IMCA EMI RaceSaver Sprint Cars this season in the rescheduled race, Glenn Worrell earned his first pavement win in the night­cap and Bill Rice went home with two runner-up finishes.The first feature had Worrell and Tony Harris on the front row with Harris out first. Rice was strong up high right behind them and got Worrell first and then Harris on lap six, but Linkenhoker was coming on strong as well.Linkenhoker was in second by lap 10 and in the lead for good two laps later. Worrell was pressing Rice as laps ran out.Feature number two had Worrell and Harris on the point as the green waved with Worrell out front on the bottom and Harris mid-track. The two traded the lead lap after lap with Worrell gaining the upper hand on lap eight.Rice moved to second but was no match as Worrell remained smooth and fast out front.Next week it’s back to Eastside Speedway in Waynesboro on Saturday, May 21 for another dirt track show.ResultsRescheduled feature – 1. Anthony Linkenhoker; 2. Bill Rice; 3. Glenn Worrell; 4. French Grimes; 5. Josh Perreault; 6. Jerald Harris; 7. Ron Moyers; 8. Tony Harris.Scheduled feature – 1. Worrell; 2. Rice; 3. Linkenhoker; 4. Jerald Harris; 5. Tony Harris; 6. French Grimes; 7. Perreault; 8. Moyers.last_img read more

Coral Daily Download – Get on Arsenal to beat Man United but steer clear of Liverpool

first_imgJohn Hill joins the Alan Brazil Sports Breakfast to round up the latest sporting odds.Coral’s PR manager says Arsenal look a good bet to beat Manchester United at the Emirates on Saturday, with the Gunners priced at 6/5 to take all three points.He looks ahead to Sunday’s clash between Crystal Palace and Liverpool too, and admits he would steer clear of backing Brendan Rodgers’ side for victory at Selhurst Park at odds of 4/5.Hill also says he expects Chelsea to extend their winning run against West Brom and reveals they are just 10/1 to go through the entire Premier League season unbeaten.talkSPORT has live and exclusive national radio coverage of Arsenal v Manchester United on Saturday and Crystal Palace v Liverpool on Sundaylast_img read more

Three taken to hospital after Highway 503 crash

first_imgThree women were taken to area hospitals after a two-vehicle crash on state Highway 503 at Lewisville Park, north of Battle Ground.The driver of a sedan needed to be extricated, said Battalion Chief Brett Graham of Clark County Fire & Rescue. “We had to cut the door off the driver’s side,” he said.A Washington State Patrol report said a 2001 Ford Focus driven by Tanya V. Kryachun, 19, of Vancouver was heading onto southbound Highway 503 from Lewisville Park and a 1994 Toyota 4-Runner driven by Michael H. Young, 60, of Eugene, Ore., was northbound on the highway when the crash happened. The Focus ended up in the northbound lane and the 4-Runner came to rest on the southbound shoulder. One lane of the highway was closed for 45 minutes.Kryachun was cited for second-degree negligent driving. Kryachun and her passengers, Lidiya V. Kryachun, 18, and Evelina Gavrilova , 21, both of Vancouver, were admitted to the hospital. Their conditions were not available at The Columbian’s press time.The patrol said Young was not injured.last_img read more

Aetna Pulls Insurance Plans From Mds Health Law Exchange

first_imgIn state health insurance marketplace news, Aetna won’t sell its plans on Maryland’s version of the exchange over concerns premiums wouldn’t cover costs. Officials in Colorado, Missouri, California and Oregon also face decisions about their marketplaces and the challenges to enrolling their residents in them.Baltimore Sun: Aetna Pulls Health Plans From State Insurance ExchangeAetna Inc. said Friday it canceled plans to sell insurance on Maryland’s new health insurance exchange, set to open Oct. 1 as part of the federal health care reform law, after regulators cut the rates it could charge consumers for its plans. Aetna was one of several carriers poised to sell on the state’s exchange, along with Coventry Health Care, which Aetna acquired this spring. But Aetna told Maryland Insurance Commissioner Therese M. Goldsmith in a letter this week that cuts regulators made to the rates the companies had proposed “would not allow us to collect enough premiums to cover the cost of the plans.” (Dance, 8/2).The New York Times: Colorado Presses For Uninsured To Enroll Television commercials have already run suggesting that buying health coverage through the state’s new insurance market, Connect for Health Colorado, will feel like winning the World Series. … This is Colorado, five months before the central provisions of President Obama’s health care law take effect: a hive of preparation, with a homegrown insurance market working closely with state agencies and lawmakers to help ensure the law’s success (Goodnough, 8/2).The New York Times: Missouri Citizens Face Obstacles To Coverage Looking for the new health insurance marketplace, set to open in this state in two months, is like searching for a unicorn. The marketplace, or exchange, being established by the federal government under President Obama’s health care law has no visible presence here, no local office, no official voice in the state and no board of local advisers. … While states like Colorado, Connecticut and California race to offer subsidized insurance to their citizens, Missouri stands out among the states that have put up significant obstacles (Pear, 8/2).Los Angeles Times: California’s Latinos Critical For Success Of ObamacareCalifornia has launched a major campaign to educate Latinos about Obamacare before enrollment begins Oct. 1. More than half of Latinos have little or no understanding of the Affordable Care Act, according to a recent survey by Latino Decisions, an opinion polling organization. The percentage is higher among those who speak mostly Spanish, the survey found (Gorman, 8/1).The Oregonian: Oregon Officials Brace For Scammers Over Health Enrollment PushTwo days after filling out a state form to apply for health coverage, the Oregon woman received a call with good news: She’d been approved. The caller just needed her bank account information to cover the sign-up fee. The only problem? There was no sign-up fee, and the caller was a fake (Budnick, 8/3).A study says if all states expanded Medicaid under the health law, 85 percent of residents would have some form of health coverage –Stateline: Measuring The Effect Of Medicaid ExpansionIf every state expanded Medicaid under the Affordable Care Act, at least 85 percent of the residents in each one would have some form of health insurance, according to a new report by the Kaiser Family Foundation and the Urban Institute. Current health coverage rates vary from more than 90 percent in Massachusetts, Hawaii and the District of Columbia, to less than 75 percent in Texas and Nevada (Ollove, 8/2). Aetna Pulls Insurance Plans From Md.’s Health Law Exchange This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.last_img read more