Long Island accounts for nearly 25 percent of the jobs created in recent years by building projects receiving tax breaks from industrial development agencies in the state, according to a report released Friday.
In its annual review of IDAs, the office of state Comptroller Thomas P. DiNapoli found 51,632 people had been hired locally as of the end of 2016 by businesses, housing developments and other projects backed by one of the Island’s eight IDAs.
IDAs grant tax reductions to companies and developers in return for promised investment and the retention, and in many cases, read more ››
On Thursday, February 15th the Babylon IDA hosted a panel discussion at Greybarn in Amityville regarding the issue of workforce development in the Town of Babylon as well in the greater Long Island area.
The panel consisted of Joseph DeBello: President of CheckMate Industries, Michael Eichinger: COO of Bay Fastening Systems, Nancy Kelsey: Executive Director at Western Suffolk BOCES/Wilson Tech. and Antonio Martinez: Town of Babylon Deputy Supervisor who acted as moderator. The panel discussed the issue from their personal experiences with having trouble finding the skilled labor read more ››
Today, Babylon IDA CEO Matt McDonough, United States Congressman Peter King and Suffolk County Police Commissioner Tim Sini spoke with Babylon business owners about the different ways they can better protect their businesses and customers from potential threats like crime and terrorism.
During the event, they talked about the SCPD Shield program. The Shield program not only provides access to a host of free training programs, but it keeps valuable information flowing between businesses and law enforcement to better protect our communities. Learn more: read more ››
Babylon, NY (July 31, 2017) – The Babylon Industrial Development Agency (IDA), in partnership with Farmingdale State College, recently released an Economic Impact Study (EIS) of transactions completed between 2011 and 2015. During this time, 80 transactions incentivized by the Babylon IDA are responsible for creating nearly read more ››
Matthew McDonough: CEO of Babylon IDA at Copiague Commons affordable housing complex. || Photo by Judy WalkerHuntington Councilwomen Susan Berland and Tracey Edwards: Trying to make housing more affordable in places like Huntington Village. || Photo by Judy Walker
Faced with an increasingly strong demand and very weak supply of affordable rental housing, a couple of Long Island municipalities are enacting new laws to force developers to address the situation.
The movement comes at a time when Long Island is facing a rental crisis, namely that the cost for so-called affordable read more ››