Schuyler County is a viable location because of the benefits of New York’s generous incentive and tax relief packages. New York State provides a number of economic incentives for businesses interested in settling in the upstate region, including the Excelsior Jobs Program.
SCOPED can assist you in identifying the financial resources needed for business creation or expansion. This includes helping you gain access to new market tax credits and historic preservation tax credits. SCOPED can also help you learn more about our pre-permitted and “shovel-ready” Business Park. In fact, we’ll work with you, and various funding sources, to deliver a custom economic development package.
Below are some of the resources available to you.
NYS Excelsior Jobs Program
The Excelsior Jobs Program provides job creation and investment incentives to firms in such targeted industries as biotechnology, pharmaceutical, high-tech, clean-technology, green technology, financial services, agriculture and manufacturing. Firms in these strategic industries that create and maintain new jobs or make significant financial investment will be eligible for up to four new tax credits. The Program encourages businesses to expand in and relocate to New York while maintaining strict accountabilty standards to guarantee that businesses deliver on job and investment commitments.
Firms in the Excelsior Jobs Program may qualify for four new, fully refundable tax credits. Businesses claim the credits over a five year period. To earn any of the credits firms must first meet and maintain established job and investment thresholds. View the Excelsior Jobs Program Overview or contact the SCOPED office for more information.
Empire State Development Corporation (ESD)
ESD is the official economic development agency for the State of New York. ESD offers a variety of flexible financing incentives for new and expanding businesses, including assistance with site location, new facility construction, existing facility expansion or modernization of existing operations. Financial incentives can be tailored to the size and scope of your project. For additional information, visit Empire State Development Corporation.
New York First is a one-stop shop for all of the statewide economic development programs New York has to offer. New York First is a business-focused portal to the wealth of incentives, programs and resources available to companies within New York State and those that choose to relocate here. The site is administered by Empire State Development with dozens of other agencies represented. Visit New York First at http://www.nyfirst.ny.gov/.
Schuyler County Industrial Development Agency
The Schuyler County Industrial Development Agency (SCIDA) was created in 1971 for the purpose of encouraging economic growth in Schuyler County. SCIDA provides financial assistance to qualified applicants in the form of mortgage recording tax exemption, sales and use tax exemptions, real property tax abatement and low interest rates for debt incurred as part of the project. Visit SCIDA for more information. Online applications are available.
Regional Economic Development and Energy Corporation (REDEC) and Relending Corporation (RRC)
REDEC and RRC are regional not-for-profit corporations that provide low interest loans to start-up and expanding businesses up to a maximum amount of $100,000 in Schuyler, Chemung and Steuben Counties. Review the loan criteria and loan pre-application.
Workforce Development Training Grants
The Workforce Development Board can assist your business with information regarding grants for workforce development and training. These grants can help pay up to 50% of the costs associated with training workers.