Town of Babylon IDA and Long Island Progressive Coalition Present:
ENSURING YOUR LEGACY SUCCESSION PLANNING AND WORKER OWNERSHIP
On Long Island 47% of small business owners will be retiring in the next ten years.
Only 10% of these businesses will be passed onto their family.
75% of business owners regret selling their business a year after the transfer occurs or worse the business closes.
JOIN US TO LEARN MORE: MONDAY JULY 23RD @ 6:30PM OLD BABYLON TOWN HALL 47 W MAIN ST, BABYLON, NY 11702 read more ››
Babylon, NY (June 28, 2018) – The Babylon Industrial Development Agency (IDA) recently awarded its annual scholarships to 11 graduating high school students who are looking to further their technical education. The students, who all live in the Town of Babylon, were awarded with a $500 scholarship to help cover education expenses as they continue their academic careers. Members of the Babylon IDA Board as well as Town of Babylon Councilwoman Jackie Gordon, Town Clerk Gerry Compitello and Receiver of Taxes Corinne DiSomma attended the ceremony and congratulated the students on their read more ››
Long Island accounts for nearly 25 percent of the jobs created in recent years by building projects receiving tax breaks from industrial development agencies in the state, according to a report released Friday.
In its annual review of IDAs, the office of state Comptroller Thomas P. DiNapoli found 51,632 people had been hired locally as of the end of 2016 by businesses, housing developments and other projects backed by one of the Island’s eight IDAs.
IDAs grant tax reductions to companies and developers in return for promised investment and the retention, and in many cases, read more ››
Today, Babylon IDA CEO Matt McDonough, United States Congressman Peter King and Suffolk County Police Commissioner Tim Sini spoke with Babylon business owners about the different ways they can better protect their businesses and customers from potential threats like crime and terrorism.
During the event, they talked about the SCPD Shield program. The Shield program not only provides access to a host of free training programs, but it keeps valuable information flowing between businesses and law enforcement to better protect our communities. Learn more: read more ››
Babylon, NY (July 31, 2017) – The Babylon Industrial Development Agency (IDA), in partnership with Farmingdale State College, recently released an Economic Impact Study (EIS) of transactions completed between 2011 and 2015. During this time, 80 transactions incentivized by the Babylon IDA are responsible for creating nearly read more ››
