New York State Tax Incentives and Tax Credits
New York is Open for Business
As part of Governor Cuomo's transformative plan to improve the state's economic development model, a NYS Consolidated Funding Application (CFA) has been created that will streamline and expedite the grant application process. The CFA process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy an greater efficiency to fulfill local economic development needs.
The CFA and New York State Tax Credits and Incentives
Utilizing the CFA serving as the single entry point for access to economic development funding, applicants will no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects will use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive.
Examples of New York State Incentive Programs and Grants:
Excelsior Jobs Program
Manufacturing Assistance Program
NYSERDA Energy Programs
JOBS Now Program
Job Development Authority Program (JDA)
Linked Deposit Program
The programs listed above will give you access to tax credits, loans and grants administered through New York State Economic Development. Awards are based on job creation and capital investment.