The New York
Economic Development Partnership is a statewide association of
government entities and businesses - with a focus on the outer
boroughs of New York City. The Partnership is a Certified
Community Development Entity as recognized by the US Treasury, and
provides access to federal and state funding for business
investments that will create jobs and result in economic benefit to
communities throughout the State of New York.
The Partnership provides
support to both businesses and government agencies.
Support for businesses
often takes the form of funding - significant grants, tax credits,
low interest loans and other financial mechanisms. For
example, salable federal tax credits equal to 39% of a qualified
investment are available. In New York, additional
discretionary state tax credits that can equal almost 70% of a
qualified investment may be available as well. Other examples
of incentives for investment include the gift of land and/or
buildings, cash grants, zero interest loans and grants to train
Support for government agencies includes
grant writing and other funding sourcing.
For more information, write to us
or call: (631) 474-3111.