Tax Incentives

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.

Tax Incentives

Commercial Revitalization Program / CRT Special Reduction

Last Updated

Explore real estate tax reductions for commercial or retail leases in lower Manhattan.

Tax Incentives

Industrial & Commercial Abatement Program (ICAP)

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Real estate tax reductions on newly constructed or physically improved New York City commercial and industrial buildings.

Tax Incentives

Qualified Emerging Technology Company Incentives

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Tax reductions for emerging technology companies in New York City.

Tax Incentives

NYCIDA Industrial Program

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NYCIDA tax incentives lower the costs of constructing, renovating, and owning industrial facilities.

Tax Incentives

Commercial Expansion Program

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Real estate tax reductions for commercial or industrial leases in targeted areas of the City.

Financing /  Tax Incentives

New Markets Tax Credits Program

Last Updated

NYCEDC facilitates the use of the New Markets Tax Credit program for the financing of real estate projects in low-income communities through its CDE, NYC Neighborhood Capital Corporation, and strategic collaborations with a number of national CDEs.