Press Release from IDA
With the assistance of the Rockland IDA, family-owned and operated Raymour’s Furniture Company―predecessor of Raymour & Flanigan Furniture, is purchasing and renovating an existing 893,000 square-foot-facility at 30 Dunnigan Drive in the Village of Montebello―a total investment estimated at more than $40 million. The site will serve as Raymour’s regional warehouse and distribution facility.
Currently headquartered in Liverpool, New York, Raymour & Flanigan Furniture was established by brothers Bernard and Arnold Goldberg in 1947 with a single, modest store in downtown Syracuse. In 1982, Neil, Steve, and Michael, the second generation of the Goldberg family in the business, took control of the then four stores and currently lead the company.
Today, Raymour & Flanigan is the fifth largest furniture retailer in the U.S. with 2,079 employees across New York and 95 stores and showrooms in New York, New Jersey, Pennsylvania, Delaware, Connecticut, Massachusetts and Rhode Island.
“Once again, we are announcing the tangible results of the IDA’s economic development efforts with our partners in New York State government,” said Dranoff.
C. Scott Vanderhoef, Rockland County Executive added, “The announcement that Raymour is relocating to Rockland County is welcome news as we experience very challenging economic times. The Rockland IDA continues to attract the quality corporations that we need to enhance our economic base.”
Dranoff credited Ramapo Town Supervisor Christopher St. Lawrence as being “integral” to the project. St. Lawrence said, “We are thrilled that Raymour & Flanigan has chosen to move its operations to the Town of Ramapo. Not only have we attracted an outstanding business leader to our community, but also have a new corporate neighbor that is very involved in helping organizations such as the American Cancer Society, American Heart Association and Susan G. Komen for the Cure, to name a few.”
The IDA helps companies access and negotiate tax and rate incentives. In addition to state and local incentives, Raymour & Flanigan will also receive incentives provided by Orange and Rockland Utilities, including O&R’s Economic Development Rate for electric delivery service.
The Rockland IDA provides financial incentives to retain, expand and attract business in Rockland County. Incentives include state and local sales tax exemption, mortgage recording tax exemption, tax exempt bond financing and a real property tax abatement program.