Islip IDA Continues to Attract New Businesses to Local Economy

Islip, NY – The board of the Town of Islip’s Industrial Development Agency (IDA) recently approved a resolution that will allow two companies to expand in our area, which will retain and create jobs in Islip Town. The resolution allows two companies, Snake Tray and Gundy Powder Coating, to jointly purchase a new manufacturing site that will help them expand their operations. Snake Tray is a company that specializes in the manufacturing and installation of cables for solar power systems, while also having a focus in the rail and datacom industries. Gundy Powder services the metal manufacturing, solar, cable management and commercial building product sectors.

"Snake Tray is pleased to be expanding its operations in Bay Shore. The company  is celebrating its 20th year designing and manufacturing cable management and power distribution systems for leading corporations, government agencies, transit authorities, colleges and universities here in the US and worldwide. The Town of Islip's IDA has been very helpful in facilitating our expansion. We are proud to be a Long Island company," said Roger Jette, President, Snaketray.

“These are two companies specializing in technologies that are only going to grow more prevalent as time goes on,” said Islip Town Supervisor Angie Carpenter. “I’m proud of our IDA for leading the way on this project and ensuring that our Town remains a competitive and business-friendly environment.”

The IDA estimates that the two companies stand to receive roughly $250,000 in property tax savings, and mortgage recording tax savings of $21,000. They plan to invest almost $2.5 million into the new site, which will retain 35 jobs and create 17 more.