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Improve & Grow Your Bottom Line

Through Aggressive Incentive Packages.

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Invest in & Expand our County

As the costs associated with development projects continue to rise, many projects large and small simply would not happen without financial assistance. If needed, the Partnership is here to educate and guide you through a wide range of economic development incentives available to eligible projects through and partners at the local, state, federal levels.

Companies that have come and grown in Orange County through our incentives programs

Federal Incentive - Foreign Trade-Zone Program

Orange County, NY is host to Foreign Trade Zone #37

What is a Foreign-Trade Zone Program? The Foreign-Trade Zone Program was established by Congress under the FTZ Act of 1934. Its purpose is to "expedite and encourage foreign commerce" with the intent to stimulate international trade while creating jobs and investment in the United States. Approval for participation in the Foreign Trade-Zone Program affords the user an exemption to the tariff schedule of the United States, allowing the deferral, reduction or elimination of duties paid on imported materials and goods in exchange for sustained or increased jobs and investment in the U.S.

Foreign Trade Zone map

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 and 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.

Industrial Development Agency Providing the Tools for Your Company's Success

Real Property Tax Abatement

The Orange County IDA offers real property tax abatements in enhancements to a property that result in an increase in the property assessment by the taxing jurisdiction (County, Village and School District). The IDA PILOT (Payment In Lieu of Taxes) consists of an agreed-upon percentage of the improvements that would be otherwise due on the property if the project was completed without IDA tax abatements. The IDA offers a 10-year and 15-year PILOT. The 10-and 15-year PILOT is awarded on a case-by-case basis and projects are subject to eligibility requirements.

Mortgage Recording Tax Exemption

Any mortgage filed with respect to an agency (IDA) sponsored project is exempt from the 1.05% New York State mortgage recording tax.

Sales Tax Exemption

The IDA can offer exemptions from sales tax on the materials purchased during construction of a project and for the equipment purchased for a project.

Industrial Development Agency graphic

Power Up While Keeping
Costs Down

Central Hudson Incentives

Central Hudson has undergone an economic development push to entice businesses to come to their territory. Central Hudson is committed to supporting all businesses that create quality jobs in the territory it serves, particularly high-tech and industrial manufacturing companies in industries with positive, long-term prospects.

For detailed information please visit: www.cenhud.com

Orange & Rockland Incentives

Economic Development Rate - Orange & Rockland offers a special incentive rate to qualifying electric customers locating to — or expanding within — the New York State service territory. For those that qualify, Orange & Rockland (O&R) offers its new business customers an electric incentive rate or Economic Development Rate (EDR). This rate offers a discount of approximately 20% off the delivery portion of your electric bill for a period of 5 years.

For detailed information please visit: www.oru.com

NYSERDA

NYSERDA works with a variety of business partners to offer solutions that can help reduce the energy usage and costs. www.nyserda.ny.gov

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