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Babylon IDA's Economic Inclusion Plan

Babylon Town Supervisor Rich Shaffer at store opening
Babylon Town Supervisor Rich Schaffer presides over the reopening of another local business.

Our Goal is to create opportunities of equity, economic self-sufficiency, mobility, and growth for Babylon Town’s most disadvantaged communities with Financial Assistance, Training and Technical Assistance, MBWE/VETERAN Certifications & Ongoing Developments.

Benefits of Being a Part of the Program

1. Financial Assistance

Secure no-interest loans to small businesses and targeted grant programs Improve access to capital by creating and supporting programs that provide micro-lending and crowdfunding to minority entrepreneurs.

2. Training & Technical Assistance

Oversee partnerships with foundations and major universities to provide capacity building programs for entrepreneurs and small business owners.

Provide student learning opportunities and skills training programs to expand the pipeline and increase participation in small business enterprises.

Provide technical assistance to address sales and profit deficiencies, closure rates, and other barriers to business growth for minority entrepreneurs and small business owners.

3. MBWE/VETERAN Certification

Provide assistance in certificate and bonding which is barrier in procurement opportunities.

Promote partnerships between the city and minority consultants, contractors, and vendors by increasing access to RFP and bidding processes.

To learn how to submit a strong application, click here.

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