Suffolk County IDA: Helping Business Thrive on Long Island
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Providing SOLUTIONS to Help Grow Your Business
Suffolk IDA benefits can provide your business with the ability to...
- Expand or renovate your current operations
- Purchase or build a new or additional location
- Relocate from other counties into Suffolk County
Benefits are available for projects ranging in size from a hundred thousand dollars to tens of millions and can be applied whether you plan to lease or own the space.
The Suffolk County IDA provides companies with a hassle-free experience. Our focus is to ensure each application gets prompt attention and that we're able to efficently move companies through the entire process. Most projects are able to close within 60 days.
Providing benefits through significant TAX INCENTIVES
- Property tax abatements
- 5, 10, 12, 15 and 20 years in length
- Sales Tax: Ability to eliminate sales tax on project materials and new equipment
- Mortgage Tax: Waiving of the mortgage tax on your project, taxable or tax-exempt bond financing or lease transactions