Industrial Business Zone Relocation Tax Credit
Relocation tax credit of $1,000 per employee up to $100,000 for industrial and manufacturing businesses relocating to an IBZ
The Industrial Business Zone (IBZ) Relocation Tax Credit is a one-time tax credit of $1,000 per relocated employee, up to $100,000, available to industrial and manufacturing firms relocating to or within one of the City’s IBZs. Industrial and manufacturing businesses relocating to an IBZ generally apply within tax year of relocation.
- Benefit: Business tax credit
- Administering Agency: NYC Department of Small Business Services
- For additional information: please visit SBS's Industrial Business Zone Relocation Credit