Industrial development agencies (IDAs) are designed to foster economic development through tax benefits and low-cost financing. In New York State, IDAs have been paying dividends with increases in both economic welfare and jobs — and for the fifth straight year, Long Island’s IDAs have created the most jobs of any region in the state.
The number one rule in real estate -- as you’ve probably heard before -- is location. This applies to more than residential properties so businesses looking for a lucrative region to grow in will need to carefully consider their surroundings. Coastal cities on both sides of the U.S. have long attracted powerful industries and good for reason: there’s so much to offer. From premier colleges and universities to an educated talent pool and effective infrastructure, it’s simply easier to operate where the action is.
From our marinas to our parks to our beaches—including 50 miles of Atlantic Ocean coastline—the Town of Islip offers countless ways to enjoy nature. In recent years we’ve taken steps to ensure our natural resources can endure for future generations. This includes initiatives that promote sustainability and generate clean energy—benefiting not just our residents and businesses locally, but also the environment globally—as well as cutting costs and generating income for the town.
Launching a business and seeing a fair amount of success from the venture depends on many ever-evolving factors. Some, like seasonal demand for your product, may be out of your control. Others, like proximity to major transportation hubs and having a large number of talented applicants to choose from, can be predicted if done right. To ensure that your business is going to operate in a community that helps meet its needs, the Town of Islip Office of Economic Development organization wants entrepreneurs to be aware of the following key points. An expansion into a new and larger footprint can be the make-or-break moment for a company – so let’s make sure it’s the former.
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