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BROOKHAVEN IDA CLOSES ON INCENTIVES PACKAGE FOR NEW SHIRLEY PLANT FOR MANUFACTURER OF HIGH-TECH ROAD-MARKING MATERIALS

01/16/18

FARMINGVILLE, NY (Jan. 16, 2018) – Frederick C. Braun III, chairman of the Town of Brookhaven Industrial Development Agency (IDA), announced the agency has closed on a package of economic incentives for a company that plans to build a plant to supply advanced road marking materials in Shirley.

Regent Tek, a start-up business that is a certified Woman Owned Enterprise, plans to produce materials at the new plant using innovative thermoplastic formulas developed in Europe and specially formulated for northern climates. It plans to supply road-marking companies and transportation agencies north of Virginia and as far west as Illinois. The company had been operating from an office on Shelter Island.

The application by a Regent Tek real estate affiliate, Nicstenik LLC, was considered under the IDA’s adaptive re-use policy. The incentives package, approved at the IDA’s Sept. 20, 2017 meeting, closed on Nov. 30.

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