Press Release
June 27, 2013

Suffolk County IDA Finishes Year of Robust Economic Growth
IDA Posted Year of Significant Job Creation, Retention and Local Investment

Hauppauge, N.Y (June 27, 2013) – Suffolk County Executive Steven Bellone congratulated the Suffolk County Industrial Development Agency (IDA) on the striking success the agency achieved in past year. In the last 12 months under the agency's new leadership it granted approval to twenty nine new projects that will allow Long Island to retain 4,467 jobs and create 1,965 new jobs. These jobs translated into an additional $80 million in new payroll dollars and $342 million in local capital investment. The IDAs success has led to an increase in projected agency revenue of over 100 percent above last year.

“With the IDA’s help we will ensure job opportunities in important fields for a new generation of Long Islanders,” said Suffolk County Executive Steven Bellone. “The IDA has facilitated job creation in a series of fast growth fields including bio-tech, manufacturing, pharmaceuticals and software development.”

Fourteen projects have been closed between the second half of 2012 and the first half of 2013. This is a stark contrast with the completion of a combined five total projects in 2010 and 2011.

The IDA’s successes came on the heels of a revamp of the agency’s branding and more proactive policies that included greater business community outreach and an increase in marketing efforts.

A snap shot of selected projects include approvals for the growing nutraceutical and pharmaceutical industries, working with manufacturers to close plants in Georgia, North Carolina and India to bring their production and jobs back to Suffolk County.

Through their outreach the IDA was able to form a strategic alliance between themselves and local trade groups to bolster the IDA’s profile. Among these strategic partners was the Hauppauge Industrial Association, which covers the second largest industrial park in the nation.

  1 / 2
© Copyright 2016 Alliance Real Estate Corporation All Rights Reserved   |   44 West Jefryn Blvd. Suite M. Deer Park, NY 11729   |   T: 631-392-0784   |   F: 631-392-0785
Developed by N2R