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Excelsior Jobs Program

The Empire State Development Corporation’s Excelsior Jobs Program offers tax credits to firms in vital growth industries, including biotechnology, manufacturing, green and clean technology, and the high tech sector. These tax credits offset payroll costs, investments, research, and property taxes to support job creation and investment. Find out more here.

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Federal Industrial Development Bond Cap

Tax-exempt bond financing for private projects that serve a public purpose. New York state is dedicating a portion of its statewide bond allocation to supporting private projects, including small manufacturing firms.

Industrial Business Zone (IBZ) Relocation Tax Credit

Industrial Business Zone (IBZ)

A one-time tax credit of $1,000/relocated employee (up to $100,000) for manufacturing firms moving to one of the city’s IBZ’s, including Sunset Park.

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LifeSci NYC

The New York City Economic Development Corporation’s LifeSci NYC program is bolstering private life science enterprises. The program has committed $20 million to supporting early-stage life science businesses, and nearly $4 million to expanding training programs for entrepreneurs, including entrepreneurship coaching program, ELabNYC.

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Mid Atlantic Bio Angels (MABA)

An angel investor group with an exclusive focus on new and emerging life science companies. Mid Atlantic Bio Angels also hosts 1st Pitch Life Science, a series of pitching practice and coaching events for life science entrepreneurs.

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NYC Biotechnology Credit

A refundable 3 year tax credit of up to $250,000/year for research, development, and training expenses for emerging biotechnology companies.

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SBIR Impact – Bio & Health Tech NYC

A competitive Small Business Innovation Research (SBIR) and (Small Business Technology Transfer) for life sciences and healthcare technology companies, with over $2.6 billion available in federal R&D funding.

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STARTUP NY

BioBAT is located in a STARTUP NY tax-free zone. Tenants have the opportunity to operate free of state business, property and sales tax for 10 years. Their employees can pay no state or local income taxes for up to 10 years. Learn more about STARTUP NY here.