Dealertrack Opens $100 Million Headquarters In Long Island, New York
Founded in 2001, Dealertrack develops and provides software solutions and services for all major segments of the automotive retail industry, including dealers, lenders, original equipment manufacturers, third-party retailers, agents and aftermarket providers.
"When Dealertrack originally announced the new building plan three years ago, it was a vision driven by our team members to have a work environment that inspired innovation and collaboration, and overall health and wellness in the workplace," said Dean Tilsley, Senior Vice President of Finance and Operations, Dealertrack.
"As we have grown over the years, we have done so with an unwavering commitment to the Long Island metro area. We are proud to offer our team members a state-of-the-art facility where they can continue to develop solutions that are changing the way the world buys and sells vehicles, and also contributes to local economic prosperity,” he added.
According to Governor Andrew Cuomo’s office, Dealertrack signed a lease to remain on Long Island for the next 17 years and has already begun creating new jobs for residents on Long Island.
As an incentive, Empire State Development offered the company up to $10.5 million in performance-based tax credits through the Excelsior Jobs Program and a grant of up to $1.5 million.
According to the agreement, the company will create 357 software jobs and retain more than 500 jobs over five years. The 10-acre LEED-specified corporate headquarters is located at 3400 New Hyde Park Road in North Hills, Long Island.
"This milestone is one more example of New York's commitment to fostering economic development and job growth with high tech industries," Governor Cuomo said. "The company's decision to remain in New York and expand on Long Island has resulted in a $100 million expansion project, and the creation of over 350 jobs will further strengthen the local economy and move the region forward."
"Dealertrack's $100 million commitment to retain 500 jobs and add more than 350 new positions here on Long Island is further proof that our regional approach to job growth is working," said Lieutenant Governor Hochul, who attended the ribbon cutting. "This is a homegrown success story that will continue to unfold and create new opportunities long into the future."
"Dealertrack is an important employer in the region, which is why we worked together three years ago to ensure its expanding footprint and job growth would continue to occur on Long Island,” said ESD President, CEO & Commissioner Howard Zemsky. "Today, we are seeing the fruits of those efforts in a new, state-of-the-art facility that will create hundreds of well-paying jobs for New Yorkers."
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