• Every firm in the program will be eligible for a 2% tax credit on all capital investment. This is a significant improvement over the state’s previous Investment Tax Credit, which was not refundable and applied only to manufacturing equipment.
• The program includes a robust Research and Development Tax Credit that has been broadened beyond just investment in capital equipment to include additional areas of R&D spending.
• A full quarter of the tax credits are reserved for companies that commit to retaining at least 50 jobs while making significant new capital investment in New York facilities.
• New York State will direct a total of $1.25 billion to this program through 2015.

Financial Assistance
New York State offers tailor-made financial incentives through direct loans, grants and interest rate subsidies to assist with:

• Acquisition of land, building, machinery and equipment.
• Construction or renovation of buildings for business.
• Infrastructure construction or improvement.
• Working capital.
• Employee training.
• Export expansion opportunities.

• Up to 10% capital investment tax credits for manufacturers.
• Up to 9% research and development tax credits.
• No personal property tax and no sales tax on production equipment, R&D property and fuels and utilities used in manufacturing or R&D.