K&B Trading, an importer and distributor of hats and caps, is moving its operations from New Jersey to Port Washington. The move, assisted by an economic development compact approved by the Nassau County Industrial Development Agency (IDA), will create 20 new jobs in Nassau County.
“My economic development team continues to attract new employers and their jobs to Nassau County,” said County Executive Ed Mangano. “I welcome K&B Trading to Port Washington and wish them much success in growing the company.”
The economic development compact with Kim & Bae Trading Corp., doing business as K&B Trading, will assist the hat distributor in its purchase and renovation of a 33,000-square-foot industrial building at 45 Seaview Blvd. in Port Washington.
The $4.8 million project will create up to 10 full-time equivalent construction jobs during a six-month renovation, produce economic benefits of more than $25 million over the duration of the compact and produce a net tax benefit of $195,736.
K&B imports and distributes fitted caps, beanies and other hats across the U.S. under the KB Ethos label.
The Nassau County Industrial Development Agency consists of a team of professionals whose mission is to promote the economic welfare and prosperity of Nassau County. It is a resource for businesses in Nassau County and those considering relocation. The IDA provides assistance to businesses interested in relocating, expanding and financing new investments. It has provided assistance to a wide range of companies including Hain Celestial, Publishers Clearing House, Arizona Iced Tea, Dealer Track Technologies and Sleepy’s Mattress as well as Cold Spring Harbor Labs and Grumman Studios.
For more information, please visit www.nassauida.org or call 516-571-1945.
