LAKE SUCCESS - The Hain Celestial Group, Inc., a natural and organic products company in North America and Europe, will invest over $10 million as part of its office relocation and expansion of its operations into Nassau County on Long Island. The company expects to create over 100 new jobs and to retain approximately 250 existing jobs at its new location. New York State and Nassau County expect this project will result in the retention of $300 million in payroll and the creation of $93 million in new payroll over the next 10 years.

"The expansion of Hain Celestial means an industry-leading business and almost 400 jobs will stay right where they belong on Long Island," Governor Andrew Cuomo said. "This is another strong sign that New York is becoming a place where businesses want to grow and make long-term, job-creating investments."

"Nearly 20 years ago, I founded Hain Celestial as a start-up company on Long Island with a handful of employees. By 2001 we had 120 employees and over $400 million in sales when we moved to our present location. As a proud resident New Yorker, I am pleased to be increasing our commitment to the region with the expansion of our international corporate headquarters complete with state-of-the art sustainable features," said Irwin D. Simon, Founder, President and Chief Executive Officer of Hain Celestial. "The design and layout of our new facility will provide us with a nurturing environment to foster the next level of growth for the Company. "

Supported by an incentive package from Empire State Development (ESD) of $4.5 million in Excelsior Jobs Program tax credits, Hain Celestial will lease and make capital improvements to an 86,000 square foot facility as part of the relocation of its international corporate headquarters to Lake Success from Melville.

Pending final Board approval, the Nassau County Industrial Development Agency will provide Hain Celestial with a 16-year payment in lieu of taxes (PILOT) agreement and a sales and use tax exemption for up to $603,750 in purchases for furniture, fixture and equipment related to the renovation of their international headquarters. In return for the tax incentives, Hain Celestial should bring at least 315 net new jobs to Nassau County.