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Town of Riverhead

 
Industrial Development Agency (IDA)

MISSION STATEMENT

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.

 

MEMBERS

Tracy Stark-James, Exec. Director

Tom Cruso, Chair

Lori Ann Pipczynski, Vice-Chair

Tony Barresi, Secretary

Bob Kern, Treasurer

James Farley

 

Richard Ehlers,Esq. - Counsel

 

TOWN BOARD LIAISON

Councilman Tim Hubbard

 

MEETING DATES:

1ST Monday of each month at 5:00 p.m.