State Incentive Programs

Provides tax credits for the remediation and redevelopment of brownfield sites in New York state.
 
Locations that are ready for commercial development and can minimize delays that businesses normally face in the permitting and environmental review process providing a substantial benefit for companies.
 
Supports high technology ventures through a collaborative approach among the State, academia, private venture capital companies and other private and public sector parties.
 
Programs, services and incentives specifically for small businesses.
 
Qualified enterprises are eligible for sales tax exemption, real property and business tax credits for businesses locating and expanding in empire zones.

Enhanced Commercial/Industrial Performance Program
Offers several strategies to obtain financial incentives for energy efficiency projects.
 
Provides instruction, training, technical assistance and support services to individuals who have recently started their own business or are interested in starting a business.
 
Offers financial assistance for research, development and demonstration projects that lead to measurable pollution prevention and economic development outcomes.
 
Offers additional resources to companies seeking new partners and opportunities in international markets.
 
Helps businesses sell to state, federal and local governments.
 
Provides businesses with affordable capital based on bank loans at two to three percentage points below the prevailing interest rates.
 
Encourages manufacturers to invest in projects that will significantly increase the productivity and competitiveness of their operations by providing capital grants of up to $1 million.
 
Offers technical services and capital financing to help businesses identify and implement cost-effective, energy-efficient measures.
 
Assists the state's minority and women's business community to access all the services offered by Empire State Development.
 
Peak-Load Reduction Program
Incentives to offset the costs of up to 65% of energy saving capital improvements. 
 
Helps businesses reduce costs, preserve and create jobs and boost economic growth.
 
Encourages semiconductor manufacturing in New York State. The cornerstone of semi-NY is shovel-ready fab sites located in Tech Valley and across the state.
 
Small Business Innovation Research/Small Business Technology Transfer Program
Stimulates the high-tech innovation of small businesses and provides opportunity to profit from the commercialization of their technologies.
 
New York offers a variety of incentives to companies expanding or relocating in Tech Valley.
 
Assists businesses in moving new technology and ideas from the lab to the marketplace.
 
Offers assistance to small and large businesses attempting to meet the challenges of creating new products, entering new markets and improving production.




 
 
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Tax & Financial Incentives