Incentives for the
balance sheet.

Empire Zones can provide virtually tax-free status for 10 years. Loans, grants, and subsidies help with everything from land acquisition to working capital. Tax credits and exemptions cover capital investment, R&D, and more. All to make siting more cost-effective — and smooth the path for your success.

For an overview of the New York State Incentives for Renewables and Efficiency, click here

Empire Zones

New York State’s Empire Zones Program can make Hudson Valley virtually tax free for 10 years for qualifying businesses. Thanks to powerful new legislation that extends the economic development incentive program until June 2011 and allows companies with "regionally significant" projects to locate outside of designated zones, the EZ program is now stronger and more flexible than ever.

Click here for more details

Financial Assistance

New York State offers tailor-made financial incentives through direct loans, grants and interest rate subsidies to assist with:

Acquisition of land, building, machinery and equipment
Construction or renovation of buildings for business
Infrastructure construction or improvement
Working capital

Tax Credits and Exemptions

A host of tax credits and exemptions are available to qualified businesses:

Up to 10% capital investment tax credits for manufacturers
Up to 9% research and development tax credits
Up to 19% tax credits in distressed Empire Zones
No personal property tax and no sales tax on production equipment,
R&D property and fuels and utilities used in manufacturing or R&D

NYSERDA

The solar incentive program is an innovative program from the New York State Energy Research and Development Authority (NYSERDA) that provides cash incentives for the installation of new Solar Electric or Photovoltaic (PV) systems by Eligible Installers. Funding of approximately $13.8 million in incentives, through 2009, for the Solar Electric Incentive Program ("Program") has been allocated by the New York State Renewable Portfolio Standard. Additional funding may be made available based on customer demand and program success. Incentives are granted on a first-come, first-served basis. Applications will be accepted through September 30, 2009, or until funds are fully committed, whichever comes first.