The Board of the New York City Industrial Development Agency will assist new industrial and manufacturing company, Best Mounting, acquire and renovate a 55,000-sq-ft facility located on 130-11 Atlantic Avenue in Jamaica, Queens by approving a sales, real estate, and mortgage recording tax incentive package.
Best Mounting will make a $3.65 million private investment in the headquarters in order to manufacture workstation fixtures primarily for the media, healthcare and security industries by installing machinery and equipment and rehabbing the currently vacant 3rd floor. This project is expected to create 15 new jobs over the next three years and return approximately $3 million in new net tax revenues to the city over 25 years.