Industrial Development Agency (IDA)
Created and established in 1980 as a public benefit corporation, the Riverhead Industrial Development Agency’s mission is to attract new businesses to Riverhead and to help existing Riverhead businesses expand their operations and remain in Riverhead.
In doing so, the Riverhead Industrial Development Agency seeks to advance the job opportunities, health, general prosperity and economic welfare of the people of the Town of Riverhead and to improve their standard of living.
The Agency serves businesses by providing financial assistance and incentives. It acts as the conduit through which transactions take place and as an aggressive pathfinder through the government/financial maze.
It has the authority to issue tax exempt or taxable Industrial Development Bonds, offer real property tax abatements, sales and compensating use tax exemptions, and mortgage recording tax exemptions. In addition, it assists business owners and developers in locating suitable sites for development.
Tracy Stark-James, Exec. Director
Tom Cruso, Chair
Lori Ann Pipczynski, Vice-Chair
Tony Barresi, Secretary
Bob Kern, Treasurer
Richard Ehlers,Esq. - Counsel
TOWN BOARD LIAISON
Councilman Tim Hubbard
1ST Monday of each month at 5:00 p.m.