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

Local Incentives

Cayuga County Industrial Development Agency & Auburn Industrial Development Authority

• 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

• Auburn Industrial Development Authority
• Cayuga County Industrial Development Agency

Cayuga County Development Corporation

• Below market financing
• Technical assistance

New York State Incentives

Empire State Development

• 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

Regional Economic Development Councils

• 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

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Daniel Kolinski, Deputy Director of Empire State Development, Central New York Region, presents information about the 2019 round of NYS funding for potential projects during a Facebook Live session at 2 State Street.