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What Companies are Searching for When Relocating

Office of Economic Development | Town of Islip

When considering corporate relocation, quality of life is one of the top factors. But it’s no secret that the key to success for many businesses is location, location, location. That’s why the Town of Islip IDA offers site location assistance among many other services (or another similar word) , including business incentives, tax abatements, and foreign trade zone access. But before a business owner decides to uproot its HQ to a new area, there’s a lot to consider beyond economic incentives.

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LONG ISLAND MACARTHUR AIRPORT: ISLIP'S CONNECTION TO THE WORLD

LI MacArthur Airport | Town of Islip

Big convenience for business - on par with JFK & LGA. Business professionals know the phrase, “location, location, location” and it’s importance to building a thriving, successful business. But what about a particular location makes it more attractive? In the Town of Islip, there are a few gems in the area that are particularly beneficial to a variety of businesses, especially those in the aerospace industry interested in relocating or expanding to an area with the assistance of an IDA that has been credited by Newsday as one of the top IDAs in all of New York State.

You may be wondering, “what is an IDA?” An IDA, or industrial development agency, is created by the General Municipal Law and the Public Authorities Law to build economic development in specific locations. IDAs are public benefit corporations and therefore exempt from sales and use sales tax on their various purchases.

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How Relocation to a Foreign Trade Zone Could Make Your Business More Competitive

A to Z of an FTZ

Relocation and Competitive Business | Town of Islip

Within the Town of Islip is an underutilized resource known as Foreign Trade Zone #52 (FTZ). In this designated area, import-export businesses with global dealings are at a competitive advantage when it comes to profitability and production flow, making the FTZ one of the most invaluable resources to business in the area.

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HOW THE TOWN OF ISLIP IS WORKING FOR BUSINESSES

A Great Town for Businesses | Town of Islip

When out-of-state bidders attempted to incentivize East/West Industries, a design and manufacturing company of escape, life support, seating and ground support equipment for high-performance military aircraft after they had outgrown their Hauppauge, NY headquarters, the Town of Islip Industrial Development Agency (IDA) stepped in with a business incentive package that the globally-recognized corporation couldn’t refuse.

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