Loan & Tax Assistance

Loan Assistance & Tax Incentives.

Committed to Your Success!  The Town of Islip offers a variety of tax incentives to help businesses take their business plans to the next level. Your success is the town’s success as Islip’s overall prosperity and economic wealth reflects the achievement of businesses that operate in our town. Islip IDA has saved multiple businesses in various industries significant amounts of money in relocation costs by helping identify the very best in tax incentives and more.

 

How It Works

As an Industrial Development Agency, we help businesses identify and secure property tax abatements. In addition, our IDA helps businesses avoid mortgage recordings and sidestep sales taxes on everything utilized to furnish, equip, or construct their working space.

Nonprofits can typically capitalize on even more incentives. Islip’s Economic Development Corporation was formed under the Not-for-Profit Corporation Law, Section 201. This legal entity allows not-for-profit corporations to secure taxable revenue bonds, federally tax-exempt bonds as well as sales tax incentives for qualified projects. Our experts are on hand to help navigate the waters and ensure every business takes advantage of the best deal for their unique circumstances.

Loan Assistance is Our Specialty

Are you in need of low-interest financing loans? The Islip team is the leading provider of Industrial Development Agency deals in the greater Long Island region. We also lead the region in New York State Job Development Authority loans and SBA 504 loans. Allow our experts to identify how your business can secure funding for your business needs. We look forward to assisting with everything from equipment upgrades to the purchase of real estate.

Take Advantage of Our Incredible Location

Not only are we conveniently located near multiple international airports, but the Town of Islip also has a major talent pool. With some of the top universities in the country within proximity, it is easy to find educated experts in the fields of engineering, technology and much more.