Financing & Incentives

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

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  • Accelerated Sales Tax Exemption Program

    Last Updated

    The Accelerated Sales Tax Exemption Program (ASTEP) provides companies with sales tax exemptions up to $100,000 for the purchase, installation, and maintenance of construction materials, equipment, and furnishings in order to upgrade, expand, and grow a variety of business activities.

  • Business Incentives Rate

    Last Updated

    Business Incentive Rate (BIR) is an energy discount program co-administered by NYCEDC and Con Edison.

  • Commercial Expansion Program

    Last Updated

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

  • Commercial Revitalization Program / CRT Special Reduction

    Last Updated

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

  • Con Edison Economic Development Program

    Last Updated

    Discounted ConEdison energy programs to attract and retain businesses and jobs in New York City.

  • Emerging Developer Loan Fund

    Last Updated

    Providing capital to emerging developers who are working on real estate development projects in New York City.

  • Empowerment Zone Benefits

    Last Updated

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

  • Energy Cost Savings Program

    Last Updated

    Discounted energy program for businesses relocating to or undertaking capital projects in New York City.

  • Exempt Facilities Bond Program

    Last Updated

    Assistance in the form of tax exempt bonds for companies undertaking capital projects on exempt facilities in New York City

  • Food Retail Expansion to Support Health (FRESH)

    Last Updated

    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.

  • Futureworks NYC Growth Initiative

    Last Updated

    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.

  • IDA Life Sciences Program

    Last Updated

    Life Sciences Incentives & Financial Financing Information

  • Industrial & Commercial Abatement Program (ICAP)

    Last Updated

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

  • Industrial Business Zone Relocation Tax Credit

    Last Updated

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

  • Job Creation and Retention Program

    Last Updated

    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.

  • LifeSci NYC

    Last Updated

    A $500 million investment will establish New York City as the leader in life sciences innovation and R&D.

  • Lower Manhattan Energy Program

    Last Updated

    Discounted energy program for commercial tenants in lower Manhattan.

  • Lower Manhattan Relocation and Employment Assistance Program

    Last Updated

    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.

  • Lower Manhattan Sales and Use Tax Exemption

    Last Updated

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

  • Manufacturing Facilities Bond Program

    Last Updated

    Tax-exempt bonds for manufacturers of tangible personal property acquiring, developing, renovating or equipping facilities in New York City.

  • Neighborhood Credit Fund

    Last Updated

    The Neighborhood Credit Fund (NCF) supports small, local businesses by enhancing their access to loans and lines of credit of up to $250,000 in order to help them expand their operations and create jobs. NYCEDC works in partnership with five community development finance institutions to administer the program and work with eligible businesses.

  • Not-for-Profit Bond Program

    Last Updated

    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.

  • NYC Capital Access Loan Guaranty Program

    Last Updated

    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.

  • NYC Food Manufacturers Growth Fund

    Last Updated

    The NYC Food Manufacturers Growth Fund makes affordable financing available to eligible small food manufacturing businesses looking to expand their operations.

  • NYC Industrial Developer Loan Fund

    Last Updated

    The NYC Industrial Fund is a $150 million source of public/private project financing for priority industrial real estate development projects in New York City.

  • NYCEDC Networking Hour: Bridging the Gap Between Nonprofits and Lenders

    Last Updated

    NYCEDC Networking Hour: Bridging the Gap Between Nonprofits and Lenders is a networking and informational event designed to pair New York City's nonprofit organizations with financial lenders.

  • NYCEDC Nonprofit Capital Project Planning Workshop Series

    Last Updated

    NYCEDC's Nonprofit Capital Construction Project Planning Workshop holds a series of two-day workshops designed to help organizations plan capital projects, including the renovation of facilities, acquisition of spaces, or new construction.

  • NYCIDA Commercial Office Space Incentives

    Last Updated

    NYCIDA tax incentives can lower the costs of constructing, renovating or owning commercial office space for tenants and developers.

  • NYCIDA Garment Center Program

    Last Updated

    NYCIDA

  • NYCIDA Industrial Program

    Last Updated

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

  • Open Industrial Uses Sales Tax Exemption Program

    Last Updated

    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.

  • Qualified Emerging Technology Company Incentives

    Last Updated

    Tax reductions for emerging technology companies in New York City.

  • Relocation and Employment Assistance Program

    Last Updated

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

  • Sales Tax Exemption for Manufacturers

    Last Updated

    Tax credits for industrial and manufacturing companies in New York City on their energy consumption.

Related Documents

Business Incentives Guide