Sep 13, 2012

Suffolk County looks to ‘Boost’ high-tech businesses

Traditionally, the IDA catered to companies whose projects exceeded $1 million in annual costs, IDA Executive Director Anthony Manetta said. But as of its July 26 board meeting, the IDA is offering smaller companies property and sales tax reductions to make it easier for them to do business in Suffolk. The new program eliminates barriers for local growth companies that may have started in someone’s home or in an incubator space but want to grow, take up larger space or purchase equipment.