July 27, 2020 – The Town of Islip Industrial Development Agency will offer grant or loan assistance to eligible businesses (for profit or not-for-profit) who have demonstrated a financial need arising from the COVID-19 Emergency Disaster declared by NY State Governor Andrew Cuomo.
Long Island boasts some of the top universities, colleges and trade schools in the state. The local campuses of Stony Brook University, Hofstra University, Adelphi University, SUNY Farmingdale and New York Technical Institute are constantly turning out highly skilled and educated graduates into the workforce.
“Economic gardening” isn’t growing money on trees, but for small businesses, it might be the next best thing.
The term actually describes an entrepreneurial “grow your own” approach to developing a local economy from within. And just like in a garden, even the smallest seeds can yield a big harvest. For the Town of Islip IDA, this method is taking root with O’Shea Properties, which recently brought to market an industrial building in Central Islip with 31 units ranging from 1,246 square feet to 1,730 square feet.
It is no question that we are facing uncertain times for businesses as governmental shutdowns of non-essential industries continue. As a result, the need for businesses to revisit and reevaluate their disaster recovery business continuity plans has never been greater. While it can be difficult to traverse this new landscape, it is important to acknowledge that this will not continue forever, and a firm plan and re-evaluation of resources can give businesses a fair chance at outlasting the current economic situation. In this article, the Town of Islip Office of Economic Development outlines a few tips for businesses’ disaster planning and recovery in light of the current COVID-19 pandemic.
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