Islip IDA Helps Long Island Lead the Way for Jobs and Development
![Low operating costs. High tax benefits.](https://www.islipida.com/images/BLOG/7-22-21-Boost-Economy.png)
Industrial development agencies (IDAs) are designed to foster economic development through tax benefits and low-cost financing. In New York State, IDAs have been paying dividends with increases in both economic welfare and jobs — and for the fifth straight year, Long Island’s IDAs have created the most jobs of any region in the state.