Financing & Incentives

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

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 January 31, 2012 at 1:39 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 January 10, 2012 at 6:40 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 December 19, 2011 at 4:40 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 December 5, 2011 at 12:20 pm
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.
Tax Incentives ›

Industrial & Commercial Abatement Program

Last Updated January 31, 2012 at 12:33 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 December 6, 2011 at 5:44 pm
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 December 19, 2011 at 5:09 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 December 6, 2011 at 5:40 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 January 6, 2012 at 10:06 am
Funds to stimulate economic development in low-income communities in New York City.
Financing ›

New Markets Tax Credits Program

Last Updated January 19, 2012 at 3:08 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 United Fund Advisors.
Financing ›

Not-for-Profit Bond Program

Last Updated January 5, 2012 at 4:08 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 January 10, 2012 at 6:22 pm
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 December 6, 2011 at 5:46 pm
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 Fund

Last Updated January 31, 2012 at 4:02 pm
The NYC Food Manufacturers Fund will make affordable financing available and enable eligible businesses in the small food manufacturing sector to invest and expand their business 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 December 19, 2011 at 5:03 pm
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.

Financing & Incentives

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