The Babylon Economic Inclusion Program (EIP) is a Babylon IDA initiative that epitomizes what we do: promoting business development within the geographic boundaries of the Town of Babylon.
Babylon is one of the most diverse towns on Long Island; the Babylon EIP has been set up to take advantage of this diversity. The Empire State Minority- Women- Owned Business Enterprise (MWBE) Program is a NY State program that “expands opportunities for minority and women entrepreneurs to access government contracts and grow their businesses.” The purpose of the Babylon EIP is to facilitate the connection between local entrepreneurs and the many resources available through the MWBE program. This may include funding, business advice, tax guidance and more.
We also bring the everyday resources of the Babylon IDA to the table:
Our financial incentive packages are designed to help lower your operating costs. We offer a variety of financial assistance, including:
Further financial assistance is available for the purchase, rehabilitation, or expansion of existing facilities, for new construction, and for machinery and equipment. Low interest financing available through the Babylon IDA include:
Delays in getting required approvals can add thousands to the cost of an expansion, move or development project. At the Babylon IDA, we’ve cut the red tape and fast-tracked the approval process. We even work with town and county agencies to give you “up-front” feedback on your proposed plans. That helps cut approval time even further. That saves time. And in business, time saved is money saved.
There’s a whole lot more – visit the Babylon EIP website here.