Since 1971, the Town of Brookhaven Industrial Development Agency (IDA) has been a public benefit corporation of the State of New York whose charge is to assist in the acquisition, construction, reconstruction, and equipping of commercial and industrial facilities.

Governance
Board Members

Brookhaven IDA Information

The IDA is prepared to provide your company with information on potential sites, Brookhaven, Long Island, and NY State demographics, and other community data that you may need. The dedicated staff at the Town of Brookhaven IDA is prepared to guide an applicant through the process related to the development of your company’s growth.

The Town of Brookhaven Local Development corporation (LDC) can also provide tax-exempt bonds to construct and equip facilities for not-for-profits such as colleges, libraries, and those organizations serving the physically and mentally imparied. Please contact us to learn more about both the IDA and the LDC.

You can also read this PDF: Top Myths vs. Truths about IDAs

Major Incentives

Click on a title for more information

Property Tax Abatement

Bond Financing

One-Stop Development

Sales Tax Exemptions

Available Housing

Central Long Island Location

Mortgage Recording Tax Exemption

Available Land

Expanding Labor Force

Select any of the incentives above for additional information. Please call to learn more.

Project Criteria

The best way to determine if your project is a good fit for the IDA is to contact us. Each project is different and there is not a one-size fits all approach. The Town of Brookhaven IDA Board weighs many factors in deciding whether to induce a project or not. Job creation potential and capital investment are two important factors in the decision making process. Usually a capital investment of approximately $1 million is necessary to make the benefits of the project outweigh the costs of doing business with the Town of Brookhaven IDA. And, of course, the proposed project must be located in the Town of Brookhaven.

Straight Lease vs. Bond

Click here for a Printable PDF with an explanation of the straight lease deal and the basic benefits available through the IDA. In addition to the benefits outlined regarding Straight-Lease deals, Bond assistance may also be available. If your project is a good fit for Bonds, we will require a Bond Questionnaire to be filled out. Call to determine which set of benefits is the best fit for your organization.