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New York Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Loans may be used for, but not limited to: upgrading display lighting, advertising and promotion, payroll for additional staff and training, purchase of computers to enhance inventory control, and the purchase of display cabinets, furniture and fixtures. Borrowers must have at least a 10% equity interest in the project or business.

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State by State Incentives Guide

Buisness Facilities Contributed Content

Inventory is exempt from property tax. Effective for facilities placed into service between January 1, 2011 and December 31, 2019. This program allows an approved business to offer an income tax credit to investors purchasing an equity investment in the business. Bond proceeds cannot be used for working capital or inventory.

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