The Suffolk County Industrial Development Agency (Suffolk IDA) offers tax incentives and other resources to help businesses locate, expand, and stay in Suffolk County. It works alongside the county’s Department of Economic Development and Planning to create and retain local jobs.
The Suffolk IDA’s incentives include property tax abatements lasting from 5 to 20 years, exemptions from state and local sales tax on project materials and new equipment, and partial exemptions from the mortgage recording tax. Beyond tax incentives, it offers technical assistance and connects businesses with financial and regional resources.
The Suffolk IDA is a strong fit for manufacturers, life sciences and technology companies, and other businesses planning to build, buy, or lease new space or expand an existing facility in Suffolk.
Location matters: the Suffolk IDA covers the entire county except the towns of Brookhaven, Islip, Riverhead, and Babylon, which have their own IDAs. As with any IDA, benefits are tied to job and investment commitments and come with agency fees and a public approval process, so they’re best suited to larger projects.
For Suffolk businesses planning a move or expansion, checking whether your town falls under the county IDA or a town IDA is the first step.