Suffolk County Department of Economic Development
H. Lee Dennison Building
100 Veterans Highway
Hauppauge, NY 11788
631-853-4800
www.co.suffolk.ny.us/exec/econ

Suffolk's Department of Economic Development is dedicated to promoting sustainable economic development in the county through a combination of business counseling and financial assistance. Programs such as the Suffolk County Linked Deposit Program is designed for businesses with 100 or fewer employees. They can obtain reduced interest rates on conventional business loans - up to 2 percentage points lower than the going rate for the first two years. These loans can be used for capital improvements, equipment purchases, research and development, and working capital.

Suffolk County Industrial Development Agency
The IDA helps businesses expand or relocate by issuing tax exempt or taxable bonds, or by conducting basic lease transactions. Businesses can also use bonds to purchase and rehabilitate space, or to purchase machinery and equipment. Businesses also can go through the IDA for sales tax abatements, real property tax abatements and exemptions from mortgage tax.

Empire Zones
There are three Empire Zones in Suffolk County, located in the towns of Brookhaven, Islip and Riverhead. Businesses that locate in these areas are eligible for a variety of incentives, including 100 percent property tax exemptions for the first seven years; low-cost financing; a 10 percent state investment tax credit; wage tax credits; a 40 percent reduction in electric bills; a capital credit against personal or corporate income tax for the purchase of shares in an EZ capital corporation; and reduced sales taxes.

Brookhaven EDZ: 631-451-6563, www.brookhaven.org
Islip EDZ: 631-224-5512, www.isliptown.org
Riverhead EDZ: 631-727-3200, ext. 287, www.riverheadli.com

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