Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—rose 3.1% from December to a seasonally adjusted annual rate of 4.00 million in January.
PPE Manufacturer Signs Large Lease Deal in Rockland County
PEARL RIVER—Rockland County Executive Ed Day and Economic Development Director Jeremy Schulman reported today that NY Critical Materials LLC, a manufacturer of Personal Protective Equipment (PPE) will be leasing more than 50,000 square feet of space at the former Pfizer complex now known as the New York Center for Innovation.
The firm, a subsidiary of Hudson Holdings Group of Piscataway, NJ, was awarded a $750,000 New York State grant to produce COVID-19 supplies. NY Critical Materials ‘s Pearl River facility at the New York Center for Innovation in Pearl River will produce N95 respirator face masks.
“We are thrilled that NY Critical Materials has chosen Rockland County to produce these lifesaving supplies,” said Rockland County Executive Day. “Rockland has all the essential elements conducive for entrepreneurship, production and growth. This project will have a tremendous impact on the county in terms of public health, safety and long-term economic growth.”
NY Critical Materials was formed in response to the pandemic and the demand for American-made PPE. NY Critical Materials plans to hire 100 new employees and has invested in eight specialized machines that will allow it to manufacture 2 million to 3 million face masks per day.
“Our new home in Rockland County is a unique opportunity for us to help solve the PPE shortage crisis, particularly N95 masks,” said Jonathan Ho, CEO and founder of Hudson Holdings Group. “Our made-in-America mission is squarely in line with supporting in-state needs. Our approach brings mass production of high-quality, low-cost disposable masks to a space dominated by Chinese imports. This partnership will also bring much-needed American jobs to New York at a time when people are still feeling the harsh economic impact of the pandemic. We’re proud to help.”
NY Critical Materials will lease more than 50,000 square feet of commercial space in Building 100 at the campus, making it the first manufacturer and largest tenant to occupy the building, which has ample space, power and specialized infrastructure to accommodate future expansion plans and those of other industrial users. The company seeks to take advantage of the Foreign Trade Zone (FTZ)—an economic development tool available to Rockland companies—as an incentive to help them “Make it in Rockland” and remain competitive in global trade.
“The New York Center for Innovation is a perfect fit for NY Critical Materials as a socially-conscious tax ratable that will provide jobs in the local community,” said Rockland County Economic Development Director Schulman. “The county quickly assisted NY Critical Materials through identification, coordination and facilitation of its site selection search with Empire State Development’s collaboration.”
“How fitting that NY Critical Materials LLC, a manufacturer of Personal Protective Equipment (PPE), is coming to Pearl River and, notably, to the same campus where Pfizer’s successful research for the COVID-19 vaccine took place,” said Town of Orangetown Supervisor Teresa Kenny. “NY Critical Materials will help us to continue our fight against COVID-19 with its production of N95 respirator facemasks. After a difficult financial year for so many, the creation of 100 new jobs right here in Orangetown is welcome news to all of us. We welcome NY Critical Materials to the growing Orangetown business community and look forward to a ribbon cutting ceremony in the near future.”