Performance-based incentive program that encourages businesses to expand in or relocate to New York by offering 10 years of fully refundable tax credits in exchange for a commitment to create jobs and make a significant investment in New York.

NYC’s Customized Training Grant Program provides grants to companies who choose to offer training programs to at least 10 employees. These grants often are used for training employees on new technologies or software.

NYC’s Relocation and Employment Assistance Program provides a tax credit for 12 years based on the number of employees for businesses moving from outside of NYC or below 96th Street in Manhattan to designated areas above 96th Street in Manhattan or outside of Manhattan. This program lasts until 2025 and also includes a separate program to incentivize moves to lower Manhattan.

NYC’s Industrial Business Zone Relocation Credit provides a one-time tax credit of $1,000 per relocated employee available to industrial and manufacturing firms relocating to or within one of the City’s 21 Industrial Business Zones.

NYC’s New York City Industrial Development Agency (NYCIDA) supports business growth, relocation, and expansion across the five boroughs by lowering the cost of capital investment. NYCIDA’s tax incentive programs include property tax abatements, mortgage recording tax deductions, and sales tax waivers for construction expenses.

Equity investments from $50,000 up to $250,000 for early-stage businesses, requiring matching from the private sector. Eligible companies can be in a range of industries, with a particular focus across all technology markets, including advanced manufacturing, agritech, climate tech, consumer tech, data/SaaS/AI, deep tech, fintech, healthcare, life sciences and biotech, medical devices, and more.