Incentives
In partnership with New York State and the Greene County Office of Planning and Economic Development, the Greene County IDA can put forward competitive incentive packages to attract positive business growth.
New York State's outstanding Empire Zone program provides significant benefits that can be secured for companies which maximize economic benefit to the people of Greene County. Specifics of these programs include savings related to local property taxes, wage tax credits, utility rate savings and corporate income tax credits.
Additional New York State economic development initiatives include:
- The JOBS Now Program
- Worker Training Grants
- Interest Subsidy Grants
- Working Capital Loan Guarantees
- R & D Tax Credit
- Procurement Assistance
- Job Creation Grants
- New York Business Development Corporation Programs
- Capital Loans
- Working Capital Loans
- Capital Investment Tax Credit
- Employment Incentive Tax Credit
- Department of Labor Assistance
- Export Assistance
- Linked Deposit Program
Other incentives provided by the Greene County IDA include the ability to provide payment in lieu of taxes (PILOT's), exemptions for state and local sales tax on building materials and equipment, a mortgage tax exemption and energy grants.
The level of incentives provided is determined by the overall quality of the project and positive impact to local communities and residents. Any incentive discussion is part of an overall deal package.