ICAP ABATEMENT UPGRADE
ICAP ABATEMENT PORTABLE
ICAP ABATEMENT FREE

INDUSTRIAL AND COMMERCIAL ABATEMENT PROGRAM (ICAP) The credit is refundable as cash for the first five years, including the year of relocation. Qualified taxpayers may receive a credit up to $3,000 per eligible employee per year for twelve years, which can total $36,000 per employee. Hotel and retail operations are not eligible for the credit. As long as 1 employee is relocated and transferred to an eligible premises, the credit is available for any new jobs created at that premises as well as any jobs that are subsequently transferred to that premises. The federal and NYS government offer tax credit to encourage R&D activities, and they are not just for companies with white-coat research labs.RELOCATION AND EMPLOYMENT ASSISTANCE (REAP)Д¬redit REAP provides New York City business tax credits to taxpayers that relocate jobs from outside of New York City, or below 96th Street in Manhattan, to a qualified premises in one of New York CityвЂ™s outer boroughs or above 96th Street in Manhattan. The Excelsior Jobs Program provides incentives to firms in targeted industries that create and maintain jobs and make significant financial investment.Д®SD provides grants and financing programs to help NYS companies start selling overseas or expand their global export.

ICAP ABATEMENT PORTABLE

Following the assessment, businesses can receive up to $3,000 to buy resiliency-related items such as portable generators or flood barriers.ДEP offers percentage discount that applies to wastewater charges that is used for commercial or industrial purposes.

ICAP ABATEMENT FREE

SBS offers free on-site risk assessments to small businesses impacted by Sandy. The Recruitment program recruits and prescreens candidates for employment based upon the employerвЂ™s specific employment needs. Funds cover up to 70% (limited to the first 280 hours) of the eligible traineeвЂ™s wages during training. (2) On-the-Job Training is a discretionary grant to help qualified businesses with on-boarding and training new employees. Businesses choose training courses that will impact their bottom line and the program covers up to 70% of the costs. (1) Customized Training is a competitive grant program that provides up to $400,000 to help businesses invest in training employees. Loan program for financing acquisition of major fixed assets, such as equipment or real estate. Local banks offer conventional private financing products with no government guarantee, such as Mortgages, Term Loans, Lines of Credit, etc., for different sizes and types of projects. Businesses apply directly to the lender for financing. Participating lenders provide loans of up to $5 million that are partially guaranteed by SBA to small businesses. Participating lenders offer loans of up to $250,000 to small businesses and entrepreneurs to help drive economic growth and job creation. Benefits may include reduction in real estate tax, deferral of mortgage recording tax, and exemption from sales tax. вЂ‹NYCEDC grants discretionary benefits to induce developers and businesses to undertake major capital investments that result in the creation of quality jobs within NYC. Customers can also get paid to temporarily reduce their energy usage in the summer with their smart usage rewards program.

ICAP ABATEMENT UPGRADE

IBZ Credit provides industrial businesses relocating to designated IBZ areas with tax credit of $1,000 per employee up to $100,000 in total.Д¬ommercial and Industrial Energy Efficiency Program Con EdisonД¬on Edison offers an array of options to businesses such as financial incentives to upgrade to energy efficient equipment to help lower utility bills. Industrial Business Zone (IBZ) Relocation Credit DOF Businesses must (1) relocate to (2) make improvements to property in or (3) lease space in previously improved buildings in qualified areas. вЂ‹ECSP reduces the delivery component of utility bill for up to 45 percent for electricity and 35 percent for natural gas. The program has a term of up to five years for commercial businesses and ten years for industrial businesses. Improvements to relocation premises are required.Д¬EP provides rent abatement of up to $2.50 per square foot on new, renewal, and expansion leases in eligible areas. REAP provides tax credit of up to $3,000 per employee per year for businesses relocating to eligible areas. Relocation & Employment Assistance Program (REAP) DOF Industrial properties improved by at least 40 percent of the assessed value are eligible for additional abatements. Properties must be improved by at least 30 percent of the assessed value. вЂ‹ICAP grants property tax abatement to commercial and industrial buildings, for up to 25 years. Industrial & Commercial Abatement Program (ICAP) DOF