Suffolk IDA Financial Incentives
Financial incentives play an integral role in the Suffolk IDA’s economic development efforts to drive the county’s innovation economy as we know they are often the determining factor in a company deciding to relocate to, expand or stay here. If your company is looking to build, purchase or lease new space, expand your existing facility, or contemplating a move, we encourage you to reach out to our professional economic development team to discuss ways we might be able to assist.
Financial Incentives
Property tax abatements ranging from 5 - 20 years in length.
An exemption on local and state sales tax on project materials and new equipment.
A partial exemption on the local mortgage recording tax.
Taxable and tax-exempt bond financing available for eligible projects.