Industrial development agencies, appointed bodies that give tax breaks to companies in an effort to create or save jobs, have had a varied track record on Long Island. Here are the details for 2004 and 2016, compiled by Newsday reporter James T. Madore, for the eight local IDAs, seen in seven charts you can step through using the arrow buttons.
IDA performance in seven charts
In Islip, figures include 2015 data for six projects that did not respond to the IDA’s annual survey. You can read more about the efforts to rein in the IDAs. And below is the data from the charts, with percentage change and totals or averages.
Active projects
| 2004 | 2016 | Difference |
|---|
| Nassau County IDA | 67 | 173 | 158% |
| Suffolk County IDA | 115 | 138 | 20% |
| Glen Cove IDA | 4 | 10 | 150% |
| Hempstead Town IDA | 46 | 80 | 74% |
| Babylon Town IDA | 71 | 186 | 162% |
| Brookhaven Town IDA | 63 | 76 | 21% |
| Islip Town IDA | 64 | 116 | 81% |
| Riverhead Town IDA | 19 | 33 | 74% |
| TOTAL | 449 | 812 | 81% |
Total tax savings for the companies
| 2004 | 2016 | Difference |
|---|
| Nassau County IDA | $10,607,565 | $43,642,194 | 311% |
| Suffolk County IDA | $6,152,248 | $6,970,070 | 13% |
| Glen Cove IDA | $2,343,171 | $3,182,691 | 36% |
| Hempstead Town IDA | $10,340,696 | $46,607,749 | 351% |
| Babylon Town IDA | $3,240,163 | $14,024,478 | 333% |
| Brookhaven Town IDA | $3,511,757 | $9,610,193 | 174% |
| Islip Town IDA | $5,852,545 | $16,791,603 | 187% |
| Riverhead Town IDA | $1,177,080 | $2,367,995 | 101% |
| TOTAL | $43,225,225 | $143,196,973 | 231% |
Total taxes that would have been paid
| 2004 | 2016 | Difference |
|---|
| Nassau County IDA | $10,925,822 | $88,640,203 | 711% |
| Suffolk County IDA | $20,102,143 | $26,342,367 | 31% |
| Glen Cove IDA | $2,673,371 | $6,187,109 | 131% |
| Hempstead Town IDA | $17,578,925 | $68,705,158 | 291% |
| Babylon Town IDA | $8,656,868 | $29,128,977 | 236% |
| Brookhaven Town IDA | $4,794,588 | $23,732,817 | 395% |
| Islip Town IDA | $12,686,809 | $33,746,880 | 166% |
| Riverhead Town IDA | $1,998,619 | $3,408,785 | 71% |
| TOTAL | $79,417,145 | $279,892,296 | 252% |
Tax savings granted per job
| 2004 | 2016 | Difference |
|---|
| Nassau County IDA | N/A | $3,014 | N/A |
| Suffolk County IDA | $329 | $454 | 34% |
| Glen Cove IDA | $11,600 | $22,572 | 95% |
| Hempstead Town IDA | $3,659 | $8,280 | 126% |
| Babylon Town IDA | $1,462 | $2,075 | 42% |
| Brookhaven Town IDA | $578 | $1,779 | 208% |
| Islip Town IDA | $2,235 | $5,792 | 159% |
| Riverhead Town IDA | $1,539 | $2,406 | 56% |
| LONG ISLAND | $1,748 | $2,773 | 59% |
Job change for companies in the year
| 2004 | 2016 | Difference |
|---|
| Nassau County IDA | -8,678 | 14,478 | N/A |
| Suffolk County IDA | 18,696 | 15,342 | -18% |
| Glen Cove IDA | 202 | 141 | -30% |
| Hempstead Town IDA | 2,826 | 5,629 | 99% |
| Babylon Town IDA | 2,217 | 6,758 | 205% |
| Brookhaven Town IDA | 6,079 | 5,401 | -11% |
| Islip Town IDA | 2,618 | 2,899 | 11% |
| Riverhead Town IDA | 765 | 984 | 29% |
| TOTAL | 24,728 | 51,632 | 109% |
Total tax payments made
| 2004 | 2016 | Difference |
|---|
| Nassau County IDA | $318,257 | $44,998,010 | 14039% |
| Suffolk County IDA | $13,949,895 | $19,372,297 | 39% |
| Glen Cove IDA | $330,200 | $3,004,418 | 810% |
| Hempstead Town IDA | $7,238,229 | $22,097,409 | 205% |
| Babylon Town IDA | $5,416,705 | $15,104,499 | 179% |
| Brookhaven Town IDA | $1,282,831 | $14,122,624 | 1001% |
| Islip Town IDA | $6,834,264 | $16,955,277 | 148% |
| Riverhead Town IDA | $821,539 | $1,040,790 | 27% |
| TOTAL | $36,191,920 | $136,695,324 | 278% |
Tax savings per project
| 2004 | 2016 | Difference |
|---|
| Nassau County IDA | $158,322 | $252,267 | 59% |
| Suffolk County IDA | $53,498 | $50,508 | -6% |
| Glen Cove IDA | $585,793 | $318,269 | -46% |
| Hempstead Town IDA | $224,798 | $582,597 | 159% |
| Babylon Town IDA | $45,636 | $75,400 | 65% |
| Brookhaven Town IDA | $55,742 | $126,450 | 127% |
| Islip Town IDA | $91,446 | $144,755 | 58% |
| Riverhead Town IDA | $61,952 | $71,757 | 16% |
| LONG ISLAND | $96,270 | $176,351 | 83% |
