The Babylon Industrial Development Agency (IDA) continues to be a driving force for economic growth, job creation, and community investment in the Town of Babylon. According to the 2025 Performance Report on Industrial Development Agencies from New York State Comptroller Thomas P. DiNapoli, which reflects fiscal year 2023 data, the Babylon IDA delivers measurable results that strengthen the local economy.
171 active projects with a combined value of $1.88 billion
6,123 new jobs projected and a net gain of 6,093 full-time equivalent positions
Growth from 7,674 to 13,767 full-time equivalent jobs since project involvement
5,093 jobs retained across supported businesses
$24.45 million delivered in 2023 through Payments in Lieu of Taxes (PILOTs), supporting schools, roads, and essential public services
These outcomes highlight the Babylon IDA’s balanced approach: providing targeted incentives that attract and retain investment while ensuring the community benefits through job opportunities and strengthened tax revenues.
The Comptroller’s report shows that Babylon IDA projects not only create permanent employment but also generate construction and development jobs that provide additional local opportunities. This economic activity helps sustain a resilient and growing tax base, reinforcing the agency’s mission to build a stronger future for the communities we serve.