Company Creating 357 New Software Jobs on Long Island
Governor Andrew M. Cuomo today announced the grand opening of Dealertrack's new $100 million corporate headquarters in North Hills, Long Island. A leader in web-based solutions and services for automotive retailing, Dealertrack has 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.
"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."
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.
In order to encourage Dealertrack's $100 million expansion in New York, 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. 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.
"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."
"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 and 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."
Senator Elaine Phillips said, "Creating over 300 new jobs in Nassau County is a tremendous win for our economy and our residents. Dealertrack's continued growth will bring revenue and opportunity that will benefit Long Islanders for years to come. Congratulations to Dealertrack and ESD."
Assemblyman Anthony D'Urso said, "Today's announcement is great news for North Hills and all of Long Island, and further proof of the business-friendly climate in New York State. I thank Governor Cuomo, Empire State Development and Dealertrack for their work to create jobs in Nassau County and support the regional economy."
Nassau County Executive Mangano said, "My economic development team was proud to work directly with Dealertrack for the creation of over 300 new private sector jobs in Nassau County, as well as the retention of more than 500 current positions. From creating new jobs to generating economic activity in our local economy, helping DealerTrack expand their operations in Nassau County is a win-win for our economy."
North Hempstead Town Supervisor Judi Bosworth said, "The Town is excited to welcome Dealertrack to its new corporate headquarters in North Hempstead. Businesses play such an important role in the community, because the Town is composed of our residents, our businesses and their employees. We appreciate the commitment of Governor Cuomo's office by providing funding for this project and to Dealertrack for bringing new jobs to the Town."
For more information about Dealertrack, a part of Cox Automotive, please visit www.coxautoinc.com.