Financing & Incentives

NYCEDC offers information about a variety of New York City equity, financing, and incentives programs designed to help businesses thrive.

Visit NYC Business Express for a one-stop online tool to help you determine if your business qualifies for money-saving incentive programs.

Financing ›

BioAccelerate NYC

Last Updated August 22, 2012 at 2:25 pm
The BioAccelerate NYC Prize is a citywide competition that provides funding for biomedical research that has significant commercial promise.
Discounted Energy Programs ›

Business Incentives Rate

Last Updated December 19, 2011 at 4:21 pm
Business Incentive Rate (BIR) is an energy discount program co-administered by NYCEDC and Con Edison.
Tax Incentives ›

Commercial Expansion Program

Last Updated May 8, 2013 at 2:43 pm
Real estate tax reductions for commercial or industrial leases in targeted areas of the City.
Tax Incentives ›

Commercial Revitalization Program / CRT Special Reduction

Last Updated May 8, 2013 at 2:45 pm
Explore real estate tax reductions for commercial or retail leases in lower Manhattan.
Tax Incentives ›

Commercial Tax Incentives

Last Updated December 1, 2011 at 6:16 pm
Discretionary tax incentives for commercial projects with significant economic benefit to New York City.
Discounted Energy Programs ›

Con Edison Economic Development Program

Last Updated January 10, 2012 at 12:55 pm
Discounted ConEdison energy programs to attract and retain businesses and jobs in New York City.
Tax Incentives ›

Empowerment Zone Benefits

Last Updated December 6, 2011 at 5:30 pm
Federal-designated area that offers an array of public funds and tax reductions for business development and investments.
Discounted Energy Programs ›

Energy Cost Savings Program

Last Updated December 19, 2011 at 4:15 pm
Discounted energy program for businesses relocating to or undertaking capital projects in New York City.
Financing ›

Exempt Facilities Bond Program

Last Updated February 29, 2012 at 4:45 pm
Assistance in the form of tax exempt bonds for companies undertaking capital projects on publicly-owned docks and wharves or solid waste recycling facilities in New York City.
Tax Incentives ›

Food Retail Expansion to Support Health (FRESH)

Last Updated September 17, 2012 at 10:39 am
FRESH, an initiative of New York City Mayor Bloomberg’s Five-Borough Economic Opportunity Plan, promotes the establishment and retention of neighborhood grocery stores in underserved communities by providing zoning and financial incentives to eligible grocery store operators and developers.
Financing ›

Hurricane Emergency Sales Tax Exemption Program (HESTEP)

Last Updated May 14, 2013 at 4:56 pm
This program provides emergency assistance to New York City small businesses in response to the devastating impact of Hurricane Sandy.
Tax Incentives ›

Industrial & Commercial Abatement Program

Last Updated May 15, 2013 at 12:29 pm
Real estate tax reductions on newly constructed or physically improved New York City commercial and industrial buildings.
Tax Incentives ›

Industrial Business Zone Relocation Tax Credit

Last Updated December 19, 2011 at 4:59 pm
Relocation tax credit for industrial and manufacturing businesses relocating to an Industrial Business Zone.
Tax Incentives ›

Industrial Incentives for Developers

Last Updated December 6, 2011 at 5:33 pm
Tax reductions for developers undertaking industrial projects in Empire and Empowerment Zones in New York City.
Tax Incentives ›

Industrial Incentives Program (IIP)

Last Updated December 19, 2011 at 4:35 pm
Tax reductions for industrial companies in New York City undertaking capital renovation projects.
Financing ›

Job Creation and Retention Program

Last Updated November 14, 2012 at 11:52 am
The Job Creation and Retention Program (“JCRP”) provides discretionary grant funds to eligible companies committing to create a minimum of 75 new jobs in Lower Manhattan as well as to firms making a commitment to retaining at least 200 Lower Manhattan jobs.
Discounted Energy Programs ›

Lower Manhattan Energy Program

Last Updated December 19, 2011 at 4:24 pm
Discounted energy program for commercial tenants in lower Manhattan.
Tax Incentives ›

Lower Manhattan Relocation and Employment Assistance Program

Last Updated May 8, 2013 at 2:47 pm
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

Last Updated May 8, 2013 at 2:49 pm
Slate of incentives for businesses relocating or recommitting to Lower Manhattan.
Financing ›

Manufacturing Facilities Bond Program

Last Updated December 19, 2011 at 4:36 pm
Tax-exempt bonds for manufacturers of tangible personal property acquiring, developing, renovating or equipping facilities in New York City.
Financing ›

New Markets Revolving Loan Fund

Last Updated April 1, 2013 at 9:31 am
Funds to stimulate economic development in low-income communities in New York City.
Financing ›

New Markets Tax Credits Program

Last Updated April 24, 2013 at 3:20 pm
NYCEDC facilitates the use of the New Markets Tax Credit program for the financing of real estate projects in low-income communities through a strategic collaboration with a number of national CDEs.
Financing ›

Not-for-Profit Bond Program

Last Updated February 29, 2012 at 4:39 pm
Build NYC’s Not-for-Profit Bond Program facilitates access to private activity tax-exempt bond financing for not-for-profit institutions to acquire, construct, renovate and/or equip their facilities.
Financing ›

NYC Capital Access Loan Guaranty Program

Last Updated February 21, 2012 at 9:48 am
Public-private lending program enables banks and credit unions to make loans to micro and small businesses that may not qualify for conventional bank loans.
Financing ›

NYC Entrepreneurial Fund

Last Updated November 14, 2012 at 11:54 am
In an effort to strengthen and expand early stage entrepreneurship activities, the City created this $22 million fund to provide New York City-based technology startup companies with early-stage capital.
Financing ›

NYC Food Manufacturers Growth Fund

Last Updated February 1, 2013 at 5:06 pm
The NYC Food Manufacturers Growth Fund makes affordable financing available to eligible small food manufacturing businesses looking to expand their operations.
Tax Incentives ›

Qualified Emerging Technology Company Incentives

Last Updated November 23, 2011 at 2:54 pm
Tax reductions for emerging technology companies in New York City.
Tax Incentives ›

Relocation and Employment Assistance Program

Last Updated April 22, 2013 at 9:30 am
Relocation tax credit for commercial and industrial businesses excluding retail and hotels relocating into targeted areas of the city.
Discounted Energy Programs ›

Sales Tax Exemption for Manufacturers

Last Updated December 6, 2011 at 5:47 pm
Tax credits for industrial and manufacturing companies in New York City on their energy consumptions.
Discounted Energy Programs ›

Solar Thermal Pilot Program

Last Updated November 9, 2012 at 12:35 pm
The Solar Thermal Pilot Program is a competitive pilot grant program providing financial assistance to City-based building owners installing solar hot water systems. NYCEDC launched the Solar Thermal Pilot Program in 2009, offering grants of 30% of installation costs, up to $50,000 per solar thermal system, to NYC-based building owners.

Financing & Incentives

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