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News

Tax deal would make way for 12 apartments, Family Dollar store in Copiague

January 7, 2019
Newsday

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A planned mixed-use building in the heart of downtown Copiague may get an almost 50 percent tax abatement, as the hamlet continues its yearslong revitalization efforts.

The owner of the single-story masonry business at 1800 Great Neck Rd., Darius Mroczkowski, would demolish it to construct a three-story building, housing a Family Dollar on the first floor and 12 apartments on the second and third floors.

Three of the units would be affordable — the minimum required by the town — and the project would employ 15 people during construction, making it eligible for a tax abatement read more ››

Enzo Biochem gets $2.8 million tax deal for expansion from Babylon IDA

December 10, 2018
Newsday

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Enzo Biochem Inc., a manufacturer of clinical products and a provider of laboratory services in East Farmingdale, will receive $2.8 million in tax abatements over 15 years to expand its operations to a third building and hire 60 people over three years.

The company has three legs — Enzo Clinical Labs, Enzo Life Sciences and Enzo Therapeutics — and has purchased a 35,800-square-foot building, at 21 Executive Blvd., to create a campus alongside its existing buildings at 10 Executive Blvd. and 60 Executive Blvd., which total 66,000 square feet.

The company employs about 400 read more ››

Long Island retailers pin hopes on Small Business Saturday

November 25, 2018
Newsday

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Long Islanders descended on downtown business districts looking for deals on Small Business Saturday.

At the Babylon Bean Coffee House, shoppers wrapped around the counter to buy hot drinks and tasty goods, including pies from Audrey’s Baked Goods of Sayville. Seated at a table, Gabriella Guevara and Gabby Blanco, both 19, of Bay Shore, said they came to Babylon for a change of scenery and to patronize a local coffee house.

“I feel like it gives you more of a cozy feel,” Blanco said. "At Starbucks, everyone is on the go. This may be a lot more tight, but it’s more welcoming read more ››

Town of Babylon Residents Get a Lyft Thanks to the IDA

November 21, 2018

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Babylon’s Industrial Development Agency Partners with Lyft to Offer Ride Credits on Small Business Saturday
Use Promo Code TOBIDA for a $10 Credit to Travel to or within the Town of Babylon

Babylon, NY (November 19, 2018) – The Babylon Industrial Development Agency (IDA) is pleased to announce a new partnership with Lyft—a leading ride-sharing and group-ride service company—to celebrate Small Business Saturday within the Town of Babylon. The promotion, which will take place on Saturday, November 24 between 8:00 a.m. and 9:00 p.m., is geared toward connecting Town of Babylon read more ››

Mannix: How 812 projects infused $12 billion into LI economy

October 9, 2018
Long Island Business News

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The New York State Comptroller’s Office recently released its annual performance report on the State’s 109 Industrial Development Agencies (IDAs). The report details, among other things, the number of projects, tax abatements and job creation performance for all IDA projects active during 2016.

On behalf of, and in conjunction with, the heads of Long Island’s seven other IDAs, I’m pleased to say the comptroller’s report concluded that Long Island’s IDAs performed extremely well.

There were 812 projects being supported by Long Island IDAs in 2016. Combined, those 812 projects read more ››

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Tel: 631-587-3679
info@babylonida.org