Information

Brookhaven LDC Information

The Town of Brookhaven LDC can also provide tax-exempt bonds to construct and equip facilities for not-for-profits such as colleges, libraries, and all state and federally operated medical resources. Please contact us to learn more about both the IDA and the LDC.

The LDC is prepared to provide your company with information on potential sites, Brookhaven, Long Island, and NY State demographics, and other community data that you may need. The dedicated staff at the Town of Brookhaven IDA is prepared to guide an applicant through the process related to the development of your company’s growth.

You can also read this PDF: Top Myths vs. Truths about LDCs

Major Incentives
Click on a title for more information Select any of the incentives above for additional information. Please call to learn more.
Tax Exempt Bond Financing:

Qualified applicants are eligible for tax exempt bond financing of up to 100% of the costs for construction, equipment, planning costs, and financial expenses (subject to financial institute participation). The bond rates are generally below conventional mortgage financing.

One-Stop Development:

The review of qualified projects can be expedited through the Town to reduce development costs.

Available Housing:

The diversified and growing housing stock in Brookhaven can meet the demands of the employees, from entry level to executive management.

Central Long Island Location:

Major industrial/commercial hubs including MacArthur Airport, Stony Brook University, and Brookhaven National Laboratory are within minutes; only one hour to Manhattan via LIRR/Ronkonkoma line.

Available Land:

Competitive pricing on over 1000 acres in prime locations are ready for industrial development in parcels from 2 to 100 acres.

Expanding Labor Force:

Since 1985, the Town of Brookhaven continues to exhibit one of the fastest population growth rates in the Northeast.

Mortgage Recording Tax Exemption:

Qualified applicants are eligible to receive a partial exemption from the State Mortgage Recording tax.

Project Criteria

The best way to determine if your project is a good fit for the LDC is to contact us. Each project is different and there is not a one-size fits all approach. The Town of Brookhaven LDC Board weighs many factors in deciding whether to induce a project or not. Job creation and capital investment are two important factors in the decision making process. Usually a capital investment of approximately $1 million is necessary to make the benefits of the project outweigh the costs of the financing with the Town of Brookhaven LDC. And, of course, the proposed project must be located in the Town of Brookhaven.


 

Contact Us

  • One Independence Hill
    Farmingville, New York 11738

  • Tel: 631-451-6563
    Fax: 631-451-6925

  • Brookhaven LDC

  • www.brookhavenldc.org

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