Tax Incentives

Tax Incentives

IDA Life Sciences Program

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Life Sciences Incentives & Financial Financing Information

Financing & Incentives /  Tax Incentives

Futureworks NYC Growth Initiative

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The Futureworks NYC Growth Initiative provides early-stage companies using and developing advanced manufacturing technologies with up to $30,000 in funding over two years to support their growth in New York City.

Tax Incentives

Open Industrial Uses Sales Tax Exemption Program

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The Open Industrial Uses Sales Tax Exemption Program (OIUSTEP) provides companies with sales tax exemptions for the purchase of building materials to renovate and improve unenclosed industrial materials storage facilities in order to implement cost-effective pollution prevention controls and to create stronger safeguards for hazardous materials in the city’s flood zones.

Tax Incentives

Commercial Tax Incentives

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Discretionary tax incentives for commercial projects with significant economic benefit to New York City.

Tax Incentives

Relocation and Employment Assistance Program

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Relocation tax credit for commercial and industrial businesses excluding retail and hotels relocating into targeted areas of the city.

Tax Incentives

Empowerment Zone Benefits

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Federal-designated area that offers an array of public funds and tax reductions for business development and investments.

Tax Incentives

Lower Manhattan Relocation and Employment Assistance Program

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This program offers a $3,000 per employee business tax credit for firms relocating jobs to Lower Manhattan. Businesses must also make improvements to the premise.

Tax Incentives

Lower Manhattan Sales and Use Tax Exemption

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Slate of incentives for businesses relocating or recommitting to Lower Manhattan.

Tax Incentives

Industrial Business Zone Relocation Tax Credit

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Relocation tax credit for industrial and manufacturing businesses relocating to an Industrial Business Zone.

Tax Incentives

Food Retail Expansion to Support Health (FRESH)

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FRESH promotes the establishment and expansion of neighborhood grocery stores in underserved communities by providing zoning and financial incentives to eligible grocery store operators and developers.