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 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 LDC 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
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.
The review of qualified projects can be expedited through the Town to reduce development costs.
The diversified and growing housing stock in Brookhaven can meet the demands of the employees, from entry level to executive management.
Major commercial/industrial hubs as well as MacArthur Airport, Stony Brook University, Brookhaven National Laboratory, and Ronkonkoma Hub are within minutes; only one hour to Manhattan via the LIRR/ Ronkonkoma line.
Competitive pricing on over 1000 acres in prime locations are ready for industrial development in parcels from 2 to 100 acres.
Since 1985, the Town of Brookhaven continues to exhibit one of the fastest population growth rates in the Northeast.
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.
One Independence Hill
Farmingville, New York 11738
Tel: 631-406-4244
Fax: 631-494-4798
Brookhaven LDC
www.brookhavenldc.org