Islip, N.Y. – The Town of Islip Industrial Development Agency recently approved two more resolutions that will not only keep jobs here in Islip Town, but also add jobs for the future. The IDA Board voted to approve an inducement for Rubies Costume Company, as well as a preliminary measure for Spirit Pharmaceuticals. As a result of sales tax exemptions and property tax abatements the two companies will be able to create and retain dozens of jobs.
“The Town of Islip IDA has had an incredible year, and these two companies prove that Islip remains one of the most business-friendly environments not just on Long Island, but in all of New York State,” said Supervisor Tom Croci.
Rubies Costume Company, which already has two facilities on Candlewood Road in Brentwood, approached the IDA about purchasing an existing 55,000 sq.-foot building at 100 Pine Aire Drive in Brentwood. The IDA was able to secure a property tax abatement totaling roughly $380,000 over ten years. Rubies has committed to investing $2.9 million into the new project, which will result in the creation of 12 permanent jobs.
“The support and assistance of the Town of Islip IDA has been crucial to the establishment of Rubies' 500,000 square foot warehouse and operations complex in Bay Shore. Rubies currently employs over 200 Long Islanders in its Bay Shore facilities and this new addition will allow Rubies to continue to expand here on Long Island.”