Incentives

There are a number of incentives available to Cayuga County businesses through local, state, and federal agencies.

Local Incentives

Financing assistance (Sales tax abatement, Property tax abatement, Mortgage tax abatement, tax exempt below market financing)
Technical assistance
Access to shovel-ready development sites
Coordinating/supporting collaboration between public and private entities

Links for Applications and Forms

Cayuga County Development Corporation

START-UP NY (SUNY Tax-free Areas to Revitalize and Transform Upstate NY): initiative to transform SUNY campuses and other university communities across the state into tax-free communities for new and expanding businesses
Excelsior Jobs Program: Tax credits available for strategic businesses such as high tech, bio-tech, clean-tech and manufacturing that create jobs or make significant capital investments
Qualified Emerging Technology Companies (QETCs): Tax incentives for investment and job creation in production and/or R&D of emerging technologies
Investment Tax Credit (ITC): tax credits of up to 10% for businesses that create new jobs and make new investments in production property and equipment
Research and Development (R&D) Tax Credit: up to 9% corporate tax credit for eligible investments in R&D facilities.
Brownfield Cleanup Program: Liability relief and tax credits for the cleanup and redevelopment of brownfield sites
For a full list of all financial assistance programs, visit http://www.empire.state.ny.us/BusinessPrograms.html

Intent to Propose Form: CNY REDC is looking for for-profit and non-profit businesses with potential investment projects in the coming year to complete the Intent to Propose form online
Consolidated Funding Application (CFA): single entry point for access to economic development and other grant funding from multiple state agencies
Summary of State Funding Opportunities and Central New York Regional Priorities

For more information on how CEDA can assist your business, please contact us.