||EPCAL SUB ZONE
In September of 1998, the Town of Riverhead took ownership of the former Naval Weapons
Industrial Reserve Plant, now known as the Enterprise Park at Calverton (EPCAL). The 2900
acre site had been leased by the Grumman Corporation from the US Navy for more than 40
years for the testing of military aircraft. The redevelopment of this unique property
constitutes one of the largest real estate projects in the Northeast.
The facility is approximately 1.5 miles by 3.5 miles in size and is located entirely
within the Town of Riverhead. The property is surrounded by a 3,000-acre buffer zone that
must remain in its natural state under federal and state laws. Goals of paramount
importance for the redevelopment include job creation, generation of tax revenues, and
productive, balanced utilization of an exceptional location in New York State for economic
development. The location's designation as an Empire Zone provides extensive New York
State incentives for locating businesses at this prime location.
REQUIREMENTS FOR CERTIFICATION IN THE CALVERTON SUB ZONE
* A business must project a minimum of 2 new employees and/or a capital
investment of at least $500,000
* A business relocating from within the Town of Riverhead into the towns
zone designated area must substantiate extraordinary circumstances that warrant the
relocation, a significant capital investment of $1,000,000. or more and /or an increase in
employment of 15 or more employees.
* There is no minimum threshold for new business locating within the
Zoning Codes In Calverton