At the core of the Administration’s industrial policy is the creation of Industrial Business Zones (IBZs).  These geographic areas build upon the existing In-Place Industrial Parks to better reflect industrial land uses within the City.  Based upon the recommendations of an interagency task force, 16 IBZs have been proposed and are outlined in the IBZ section of the City’s Website.

The IBZs represent areas in which the City will provide expanded assistance services to industrial firms in partnership with local groups.  In addition, IBZs reflect a commitment by the City not to support the re-zoning of industrial land within these areas for residential use. 

To create an incentive for industrial and manufacturing businesses to locate within IBZs, a one-time relocation tax credit of up to $1000 per employee is available.  In addition, some IBZs include adjacent Industrial Ombudsman Areas which include a greater mix of uses other than industrial.  The same business assistance services will be provided in both types of areas.  However, Ombudsman areas will not receive the tax credits nor the same commitments on rezoning.

NYCEDC also offers maintenance services to IBZs as a part of our Quality of Life Programs.  Visit our Area Maintenance page for more information.