Benefits for Companies Looking to Move to Suffolk County

The Suffolk County IDA wants your company to open here . Suffolk County has tremendous assets that will give your company the competitive edge.

"With a highly educated workforce, world-class institutions and competitive incentives through the IDA, Suffolk County is a great place to live, work, play and grow your business. Let us be your partner to give your business the competitive edge to succeed". - County Executive Steven Bellone

The IDA can provide cost effective incentives for you.

Here is a breakdown of IDA benefits for retention and expansion projects in Suffolk:

1. Property Taxes - Multiple programs to ease your property taxes 
   - Reduce, Freeze or Abate Taxes 
   - 5, 10, 12, 15 and 20 years in length
2. Sales Tax - Ability to eliminate sales tax on project materials and new equipment
3. Mortgage Tax - Waiving of the mortgage tax on your project
4. Bond Financing or Lease Transactions.

Strategic Partnerships

The IDA's partners including the utilities, New York State, County Labor Department, and trade associations will be made available to speak to you about benefits each can provide. As a matter of convenience we will work to coordinate a roundtable to discuss your move or expansion.

Suffolk's Assets

Dedicated and Highly Skilled Work Force

Suffolk's labor pool is highly educated and skilled across numerous industries. With a population larger than many states, Suffolk ranks high among all U.S. counties in terms of educational achievement. Of our adult population, nearly 90% are high school graduates, approximately one-third earned bachelor degrees and one in eight hold masters, professional or doctoral degrees.

Award Winning Education Institutions

Suffolk is home to award winning higher education colleges and universities including Stony Brook University, Dowling College, St. Joseph's College and Suffolk Community College. Additionally Suffolk is home to a variety of technical and career schools. Our public and private elementary and secondary school systems are ranked among the Country's best.

Leaders and Collaboration in Tech & Sciences

Suffolk is proud of its national leaders in technology, science, pharmaceutical and energy research. Brookhaven National Lab, Stony Brook University, Cold Spring Harbor Lab, LI High Tech Incubator, Broadhollow Science Center, CEWIT and Accelerate Long Island are developing, and sharing, next generation technologies. Many companies have been able to successfully tap into these valuable resources.

High Quality of Life

Within commuting distance of New York City, Suffolk County has breathtaking and world renowned beaches, golf courses and parks.  Enjoy the Hamptons, Long Island Wine Country, a minor league baseball game, theme parks or the many vibrant downtowns such as Huntington, Patchogue, Babylon or Port Jefferson Village. Suffolk County is a destination spot for restaurants, boutiques, cafes and night life.

Access

Suffolk County has quick access to New York City and a comprehensive train line in the Long Island Rail Road (LIRR). Suffolk is home to a significant and well regarding regional airport in Long Island's MacArthur as well as several local airports for ease of private and on demand travel.

New Way of Thinking

Suffolk County Executive Steve Bellone has been using government both as a partner and leader in creating Economic Development Initiatives. He understands that Suffolk's future is dependent on building an innovation economy providing the County with a mechanism for growth for years to come.

To learn more about the Suffolk IDA's benefits, please call the IDA's Executive Director Anthony Manetta at 631-853-4802 or email him at amanetta@suffolkida.org