The New York state government is helping companies emerge, establish themselves and grow through its pro-business, pro-growth philosophy. The state has lowered business costs such as worker’s compensation and unemployment insurance and removed a number of regulations and bureaucratic red tape to provide faster services. New York also offers businesses job-creating tax cuts, capital investment tax credits and tax incentives for research and development.

 

As a result, in just the past several years, the cost of doing business in New York state has dropped dramatically.

 

On the county level, economic development offices work to attract and retain businesses, address the needs of local companies, identify properties ideal for economic development, coordinate economic development initiatives and create an environment that fosters business expansion and job growth. Counties and cities may also be responsible for any area Empire Zone.

 

City and town governments handle planning and zoning, develop business improvement districts and assist in business development through tax savings.