Nassau County has announced an deal that it says will keep a small but growing company from moving out of state and relocating from Mineola to Hicksville.
County Executive and the announced Wednesday a financial compact with Litigation Settlement Administration Corp.
Mangano's office described the firm as "a small company with big growth prospects that had considered shifting seven jobs out of state."
The deal will allow the Mineola company to purchase and renovate a 5,000-square-foot building at 801 S. Broadway in Hicksville. It intends to move seven current jobs and create six new jobs within three years after construction is completed. Three full-time-equivalent construction jobs also will be created, Mangano's office said.
“Litigation Settlement Administration Corp. and other small businesses are as important as large ones in creating jobs and bringing economic benefits to Nassau County," Mangano said. "From creating new jobs to generating economic activity in our local economy, this agreement is a win-win for Nassau residents,”
Litigation Settlement Administration Corp., founded by a group of attorneys including Eric Lamonsoff, Michael Bergman and Lindsay Held, provides back office support services for attorneys in processing claims and other documents. The building that the company is acquiring and renovating at a cost of $1.4 million is a vacant, dilapidated former barn-like bank branch.
“Though small in scale, this is a win for Nassau County. We are keeping jobs, creating new jobs and removing an eyesore that has blighted the landscape,” said Joseph Kearney, executive director of the IDA.