The Town of Brookhaven Local Development Corporation (LDC) was established in May 2010 following the expiration of New York State’s civic facilities legislation. The goal is to facilitate financing for not-for-profit organizations such as colleges, hospitals, libraries, and those organizations serving people who are physically, developmentally or mentally disabled.

Governance
Board Members

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 IDA 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

Property Tax Abatement

Tax Exempt Bond Financing

One-Stop Development

Sales Tax Exemptions

Available Housing

Central Long Island Location

Mortgage Recording Tax Exemption

Available Land

Expanding Labor Force

Sale-Leaseback Transactions

Select any of the incentives above for additional information. Please call to learn more.

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.

Straight Lease vs. Bond

Click here for a Printable PDF with an explanation of the straight lease deal and the basic benefits available through the LDC. In addition to the benefits outlined regarding Straight-Lease deals, Bond assistance may also be available. If your project is a good fit for Bonds, we will require a Bond Questionnaire to be filled out. Call to determine which set of benefits is the best fit for your organization.