Dealertrack Opens $100M Long Island HQ
- Jun 23, 2017
Dealertrack has opened a new $100 million corporate headquarters in North Hills, N.Y., and signed a lease to remain on Long Island for the next 17 years.
“This milestone is one more example of New York’s commitment to fostering economic development and job growth with high tech industries,” New York Governor Andrew Cuomo said in a prepared release. “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 more than 350 jobs will further strengthen the local economy and move the region forward.”
The 10-acre property is located at 3400 New Hyde Park Road.
Dealertrack’s long-term commitment
Originally 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.
“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,” Dean Tilsley, Dealertrack’s senior vice president of finance and operations, said. “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.”
To keep the company in the area, Empire State Development gave Dealertrack approximately $10.5 million in performance-based tax credits through the Excelsior Jobs Program and a grant of up to $1.5 million.
“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,” Howard Zemskym, ESD’s president, CEO & commissioner, said. “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.”