Hempstead Industrial Development Agency closed on a package of economic incentives that will assist one of Nassau County’s leading school bus operators to build a new headquarters and training facility in the Village of Hempstead.
The incentive agreement, approved by the IDA in September, is with CPK Transportation, LLC, of Port Washington and its Dell Transportation Corp. affiliate.
The agreement will assist CPK in acquiring 1.37 acres of land at Kellum Place and Union Place, where it plans to construct a new 3-floor, 12,500 s/f building as a headquarters and training facility.
The company, which will invest $8.08 million in the project, expects to add 23 full-time jobs within two years of completion of the project. The company also will retain 36 jobs.
The company, which has been in business since 1956, currently operates 125 buses and has contracts with 14 Nassau County school districts. It currently has its headquarters in Port Washington and a satellite location at Main Street and Bedell Street in Hempstead.
“This project will retain a significant number of jobs in the Village of Hempstead and lead to the creation of many more,” said Frederick Parola, chief executive of the Hempstead IDA.