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NYS Expands Excelsior Jobs Incentives Program

The New York State budget legislation enacted in 2021 included an expansion of the Excelsior Jobs Incentives Program. The Excelsior Jobs Incentives Program provides job creation and investment incentives for businesses in targeted industries in the form of refundable tax credits that can be claimed over a benefit period of up to 10 years, if the eligible business meets and maintains established job and investment thresholds.

Guest Author   |     Mar 09, 2022

A Tale of Two Tax Incentive Programs

The economic developer’s toolkit in New York includes a variety of tax incentives, abatements, grants and loans that can be quite confusing, even for a seasoned professional. Many incentives at the state and local levels can be utilized for one project but not all incentives can be layered.  In the case of the state’s two largest tax incentive programs – the Excelsior Jobs Program and Start Up NY – only one can be applied to a company’s project.   That brings up the question – which program is best suited to benefit a company’s growth?

Guest Author   |     Sep 21, 2016

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    Founded in 1999, Invest Buffalo Niagara represents the eight counties of Western New York. We are the region’s nonprofit, privately funded economic development organization focused on job creation. 

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