Competitive Incentives
Financial benefits that support the diverse business needs of cleantech manufacturers.
Competitive Incentives
Financial benefits that support the diverse business needs of cleantech manufacturers.
New York State has loans, grants, equity investments, and tax credits for infrastructure enhancement, workforce development, technological innovation, and more.
Supporting Cleantech Through Incentives
- 0% corporate income tax rate for manufacturers.
- 20% tax credit on real property owned and principally used in manufacturing.
- 10-year refundable tax credits through the Excelsior Jobs Program (opens in new window) with higher rates for clean energy manufacturing.
- No personal property tax and no inventory tax.
- Exempt from sales tax on production machinery and equipment, as well as fuels and utilities used in manufacturing processes.
- Extra investment and jobs tax credits for green projects.
- Extra incentives for projects in disadvantaged communities.
- Additional funding available for training, hiring, R&D, infrastructure improvements, facilities upgrades, and more.
- Local incentives from New York's network of industrial development agencies.
- Clean hydropower incentives (opens in new window) from the New York Power Authority.
“New York State is very active in the market and making sure businesses have what they need to compete.”
-Jude Auman, Ljungström
Build it clean. Build it here.
Our team can help you maximize NYS incentives. Let's connect.
