Financing & Incentives

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

Visit NYC.gov/Business to learn everything you need to know about starting a business in New York City.

  • 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.

  • Commercial Tax Incentives

    Last Updated

    Discretionary tax incentives for commercial projects with significant economic benefit to 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.

  • 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.

  • Industrial Incentives Program (IIP)

    Last Updated

    Tax reductions for industrial companies in New York City undertaking capital renovation projects.

  • 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.

  • 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.