NYCEDC – Financing & Incentives

Tax Exemptions

Find tax reductions, tax credits, and incentives available for business development initiatives and investments throughout New York City.

Industrial & Commercial Incentive Program (ICIP)
Explore tax reductions on newly built or physically improved commercial and industrial buildings.

Lower Manhattan Commercial Incentives
Explore this slate of incentives for businesses relocating or recommitting to Lower Manhattan.

Qualified Emerging Technology Incentive Program (QETC)
Explore tax reductions for emerging technology companies in New York State.

Relocation & Employment Assistance Program (REAP)
Learn about this tax credit for businesses that relocate to targeted areas of New York City.

Commercial Revitalization Program (CRP)
Explore real estate tax reductions for commercial or retail leases in lower Manhattan.

Commercial Expansion Program (CEP)
Explore tax reductions for commercial or industrial leases in targeted areas of the City.

NY Empowerment Zone
This area offers public funds and tax reductions for business development and investments.

Empire Zone
This area offers tax reductions and other benefits for business development and investments.

Industrial Business Zones (IBZs)
This designated area offers an array of incentives for industrial business development.

RELATED LINKS

New York City Map
Explore our interactive map of the 5 boroughs to find project locations, incentive areas and zoning.

Economic Snapshot
Read our newsletter highlighting NYC employment, consumer spending, real estate and more.

INDUSTRY OVERVIEWS

Manufacturing & Industrial in NYC
Find information and resources related to our growing Manufacturing & Industrial community.

Not-For-Profits in NYC
Find information and resources related to our growing Not-For-Profit community.