New York Direct Financial Incentives 2011
New York's economic development, finance, and tax organizations provide a range of incentive programs to initiate new business and commercial investment. Specific programs include the New York State Economic Development Fund, Excelsior Jobs Program, and the Manufacturing Assistance Program.
Area Development Research Desk (March 2011)
Empire State Development (ESD) is New York State's primary agent for economic development. Our organization, with co-headquarters in Albany, Buffalo, and New York City, is supported by a network of additional ESD Locations throughout the state and around the world. ESD works in partnership with the public and private sectors to create an environment that spurs innovation and economic development.
Our services include:
•Conducting targeted corporate outreach to companies in key industry clusters while providing retention, expansion and attraction services to the State's largest and most important employers;
•Providing hands-on technical assistance to help businesses big and small meet their goals; and
•Helping companies identify the financial assistance that will most benefit their business. This includes direct loans, loan guarantees, and grants that can help companies reduce the costs of undertaking a job creation or retention project in the state.
Examples of ESD financial assistance programs include:
New York State Economic Development Fund
Excelsior Jobs Program
Manufacturing Assistance Program
Environmental Investment Program
Linked Deposit Program
Minority- and Women-owned Business Development
Small Business Revolving Loan Fund
Emerging Technology Tax Credits
Film and TV production tax credits
New York State Contact:
Vice President of Business Development
Empire State Development
633 3rd Avenue, 36th Floor
New York, NY 10017
(212) 803-3668/1 800-STATE-NY
Incentive and tax information is provided to Area Development by each state's economic development or commerce agency for information purposes only and is subject to revision at any time by the state government. Please contact the state agency directly for full requirements and offerings.