Manufacturer Getting IDA Assist For Roosevelt Expansion – Long Island Business News

Parabit Systems, a maker of kiosks and ATM access control systems for banks and airports, has received preliminary approval for economic incentives from the Town of Hempstead Industrial Development Agency for its expansion in Roosevelt. 

The company plans to build a 7,820-square-foot addition on vacant land at 33-35 Debevoise Ave. purchased from the Town of Hempstead. The $3 million project will expand Parabit’s manufacturing facility in Roosevelt to 28,825 square feet and allow the purchase of a laser cutting device, according to an IDA statement. 

The company, which has offices in Bellmore, said it had considered moving its operations to the Southeast, but instead is seeking to extend its current payment-in-lieu-of-taxes agreement by an additional 10 years. 

Privately owned Parabit, which has 25 of the top 30 banks in the U.S. as customers, said that after the expansion is completed it will add 13 full-time jobs with an average annual salary of more than $95,000 to its payroll, now at 57 full-time equivalent employees in Roosevelt. 

“We’re thankful that Parabit has chosen to expand within the town and create additional good paying jobs,” Hempstead IDA CEO Fred Parola said in the statement.