A New Rochelle-based home and bath products manufacturer will get tax breaks from the county for a $1.1 million move and expansion.
The Westchester County Industrial Development Agency voted this morning to offer London Luxury of 271 North Ave. about $30,000 of sales-tax exemptions on the cost of building materials and supplies for London Luxury’s move to 270 North Ave. New London is eligible to receive up to $100,000 in sales-tax exemptions.
The move is expected to allow the growing company to add 18 to 20 jobs in the next few years, said Sanjay Tillu, London Luxury’s director of finance and accounting, who met with the IDA’s board. Tillu said many of the new sales, licensing and accounting jobs might pay from $85,000 to $200,000 annually.
London Luxury licenses brands like Elizabeth Arden and then markets the branded products to stores like Bed Bath & Beyond and Costco. The company was founded in 2000 by Scarsdale resident Marc Jason and its showroom is located at 295 Fifth Ave. in New York City in a building devoted to the home textiles industry.
New Rochelle has its own IDA, but deputy county executive Kevin Plunkett explained to the Westchester IDA’s board that after his discussions with New Rochelle Mayor Noam Bramson it was decided that the county’s IDA would be the best entity to handle the economic incentives.