Brookhaven Creation Attraction Retention Expansion Startup
The Town of Brookhaven
Industrial Development Agency
Since 1980, the Town of Brookhaven Industrial Development Agency (IDA) has been a corporate government agency and public benefit corporation of the State of New York whose charge is to assist in the acquisition, construction, reconstruction and equipping of manufacturing, warehousing, research, commercial, industrial, pollution control and recreation projects. The Brookhaven IDA has the authority to issue tax-exempt and taxable bonds and notes. It can also grant property tax abatements, mortgage recording tax exemption, and full sales tax exemption for qualified applicants.
The Town of Brookhaven Industrial Development Agency has issued over $150 million in tax-exempt or taxable bonds on behalf of more than 50 companies to either locate or expand in the Town of Brookhaven. This assistance has been extended to companies both large and small, and has resulted in the direct creation of thousands of jobs for Brookhaven residents
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