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Q&A with Matthew McDonough

April 19, 2016
Long Island Business News
Matthew Mc Donough - Photo by Bob Giglione

February marked the one-year anniversary of Matthew McDonough serving as chief executive officer of the To Babylon Industrial Development Agency. He spoke with LIBN about recent deals, plans for a brewery incubator what companies should know about working with the agency.

Why are IDAs essential? An IDA’s basic function is to assist in a real estate transaction where there is a lease or sale of the building. In Babylon we become a partner, help with applications, so there is no need to have a fear of Town Hall. Our client’s paperwork becomes expedited – we read more ››

Long Island microbrewery center is a big dream

April 3, 2016
The proposed location for a microbrewery incubator in Copiague. Photo Credit: Michael Dobie

White paint peels off the brick exterior. The roof looks like corrugated tin, the part of it that still remains. The other part looks up to the sky, wide open to the elements. Most of the windows no longer have glass. Only some are boarded up.

The ramshackle building on South Strong Avenue is part of the future in Copiague. Babylon Town planners envision a $12 million microbrewery incubator — as many as 10 beer brewers, learning from each other, perfecting their products, offering them in a tasting room, then moving out and into their own facilities nearby, forming a kind of brewery read more ››

From Briefcases to Brewskies: Long Island Home Brewers Can Expand with New Incubator

January 12, 2016
Babylon Village Patch
The Babylon Brewery is on its way - Photo courtesy of Bryan Hadler

From Briefcases to Brewskies: Long Island Home Brewers Can Expand with New Incubator

At the end of the day, plenty of people like to kick off their shoes and crack open a cold beer, but most people don’t drink something they brewed themselves.

For those who do, a new craft brewery incubator will open in Copiague in the next couple years. Located at 1305 S. Strong Avenue, it will offer 25,000 square feet of space for 10 rotating home brewers to take their product to the next level and forego the barriers to production like space, equipment and acquiring permits.

For

Babylon IDA awarded $700,000 grant for craft beer incubator

December 18, 2015
Matthew T. McDonough says the Babylon IDA came up with the idea for a beer incubator last year after reading about brewers struggling to find working space. (Credit: Newsday / John Paraskevas)

The Babylon Industrial Development Agency has been awarded a $700,000 grant by Empire State Development for its proposed $12 million project to turn a former missile-component test facility in Copiague into a craft beer incubator.

The IDA plans to buy the property at 1305 S. Strong Ave., demolish the dilapidated 25,000-square-foot structure there now and build working space for up to 10 brewers. Renters there would have access to a tasting room for customers, and would share production space and equipment with other brewers.

“We were recognized as a priority project for Long read more ››

Babylon IDA looks to tap into success of craft beer industry

September 24, 2015
Babylon Beacon

There are incubators for all types of fledgling businesses, but now the Babylon IDA has announced it will be providing space for a new type of entrepreneur: craft beer brewers.

In an announcement earlier this month, IDA Chief Executive Officer Matthew T. McDonough said the IDA will purchase, revitalize and equip a former missile-component test facility at 1305 Strong Ave., Copiague into the state's first business incubator dedicated to craft beer.

"Long Island has the resources to accommodate a booming craft beer industry and the Town of Babylon IDA is well suited to provide read more ››


Babylon IDA
47 West Main Street - Suite 3
Babylon, NY 11702
Tel: 631-587-3679