Brookhaven IDA honored by Long Island Business News

Long Island Business News has honored the town of Brookhaven Industrial Development Agency with its award for the IDA of the Year in Suffolk. The award, presented at an April 21st ceremony at the Crest Hollow Country Club, recognized the long list of projects that the agency assisted in 2014, a banner year for the Brookhaven IDA. The IDA completed 12 projects with a total investment in the town of $121.45 million. These projects together helped to retain or create over 2,200 jobs. A notable project assisted by the Brookhaven IDA in 2014 was the $55 million WinCoram Commons mixed-used development that is being undertaken by the not-for-profit Community Development Corp. of L.I. and Conifer Realty of Rochester. The project will feature 176 workforce apartments and 13,300 s/f of commercial space at the site of a former multiplex on Route 112, transforming a community eyesore into a local economic engine. The project will help meet the need for rental housing. Other IDA projects include a new Homewood Suites Hotel to be built by Sayville Browning Properties in Ronkonkoma, new buildings for MS Packaging and Islandaire and a solar installation at the Clare Rose distribution facility in Yaphank. "I commend the IDA for receiving this well deserved award from Long Island Business News," said Brookhaven town supervisor Ed Romaine. "Their efforts to encourage business development in Brookhaven have been very successful, and despite the sluggish economy, they have helped to create thousands of employment opportunities for our residents. I look forward to working with IDA in the coming years as we continue to improve the state of our local economy." "Brookhaven Supervisor Edward Romaine has tasked us with creating jobs and spurring the town's economy. Our results last year demonstrated that we have accomplished a great deal," said Brookhaven IDA chairman Frederick Braun III. "We are grateful that Long Island Business News has recognized the efforts of our board and the IDA's hard-working staff." About the Town of Brookhaven Industrial Development Agency Since 1971, the mission of the Brookhaven Industrial Development Agency has been to promote the economic welfare and prosperity of the Town of Brookhaven by assisting in the acquisition, construction, reconstruction, and equipping of commercial and industrial facilities. The IDA has issued millions of dollars in tax-exempt or taxable bonds and provided assistance through straight lease deals to encourage companies to either locate or expand in the Town of Brookhaven. This assistance has been extended to companies both large and small, and has resulted in the direct creation of thousands of jobs for Brookhaven residents. The IDA has provided assistance to a wide range of companies, including Tate's, Amneal Pharmaceuticals, Precision International, LI Precast, Woodcrest, Uncle Wally's, and Framerica. For more information visit BrookhavenIDA.org or call 631-451-6563. ###