JVC Broadcasting, who owns and operates several Long Island radio stations, is moving its headquarters into Patchogue Village.
The broadcasting company is receiving an incentive package from the Suffolk County Industrial Development Agency (IDA) to assist in the move to 185 Waverly Avenue, announced Suffolk County Executive Steve Bellone in a release Thursday.
According to the release, the headquarters is a $1.2 million project, and the building is a 7,800 square foot site that has been vacant for four years. JVC Broadcasting will be managing a $310,000 renovation of the site in order to make the building match the recent improvements and developments in Patchogue Village.
“JVC Broadcasting’s purchase of their new headquarters in downtown Patchogue Village is a great step for the Village and its future development,” Bellone said in the release. “Having a thriving local business like JVC Broadcasting establish roots in Patchogue Village will drive business to the area and create new job opportunities for local residents.”
According to the release, $228,000 in property tax, sales tax and mortgage recording tax savings are the projected incentives that JVC are receiving for this move. The company is also proposing the creation of 14 new jobs over the next two years with an increase in average employee salary. No date or timeline was provided in the release for the move.JVC Broadcasting’s current headquarters is in Ronkonkoma at 3075 Veterans Memorial Highway, Suite 201. The company’s stations include Party 105.3, WRCN 103.9, Mycountry 96.1 on Long Island, several Florida-based stations and they also manage the Pennysaver Amphitheater in Farmingville.