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
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
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.
