Economic Incentives & Tax Credits
High impact incentives for small businesses in New York State
In New York State, the future is already here – fueled by the talent and the resources that are leading Fortune 500 companies and smart, dynamic, innovative new businesses to start, move and thrive here. The Empire State offers tax-based incentives, resources and training for entrepreneurs and businesses looking to go global, industry/university partnerships fostering the development of innovative technologies and products, and the financial support needed to help businesses grow. Economic development spending could reach $13 billion annually by 2025 based on spending increases and expanded incentives approved by the State in recent years. The expansion of the film tax credit increased the annual cap from $420 million to $700 million per year; The extension of the theatrical production increases the lifetime cap of the tax break by another $100 million to $300 million; Green CHIPS will increase expenditures as much as $500 million per year if fully utilized.
Small Business Focus
Excelsior Jobs Program
The Excelsior Jobs Program encourages businesses to expand in and relocate to New York while maintaining strict accountability standards to guarantee that businesses deliver on job and investment commitments.
START-UP NY
START-UP NY offers new and expanding businesses the opportunity to operate tax-free for 10 years on or near eligible university or college campuses in New York State.
New York Empowerment Zone Program
The New York Empowerment Zone is one of nine empowerment zones (EZs) established by the federal government in 1994 to revitalize distressed communities by using public funds and tax incentives as catalysts for private investment.
Employee Training Incentive Program
The Employee Training Incentive Program provides refundable tax credits to New York State employers for skills training that upgrades or improves the productivity of their employees.
Empire State Musical and Theatrical Production Tax Credit Program
The Empire State Musical and Theatrical Production Tax Credit Program is designed to encourage musical and theatrical production companies to conduct pre-tour activities, technical rehearsals and to perform shows at locations in Upstate New York.
Clean Energy Workforce Development
NYSERDA has dedicated more than $170 million in funding to support clean energy workforce development and training.
Apply Today
Get the Tax Money You're Owed in Minutes
Subcity empowers small businesses, CPAs, and finance professionals to identify and apply for economic incentives and tax credits. Each year, over $100 billion is allocated for incentives across local, state, and federal programs in the U.S. Unfortunately, a significant portion of this money goes unclaimed or to large corporations with teams of tax attorneys and legal experts.
Subcity utilizes a comprehensive database of incentives to connect small businesses with the programs that were designed to help them create jobs, invest in their communities, and grow their business. Subcity charges a 10-20% fee for the programs they successfully secure, ensuring zero risk for clients as payment is contingent on results. Subcity is on a mission to democratize access to capital for America’s small businesses and has already delivered tens of millions of dollars in tax incentives for clients across the country.