Excelsior Jobs Program (New York)
Last modified on February 12, 2015.
|Applies to States or Provinces||New York|
|Name||Excelsior Jobs Program (New York)|
|Policy Category||Financial Incentive|
|Policy Type||Corporate Tax Incentive|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Program Administrator||Empire State Development|
The Excelsior Jobs Program provides a tax credit to businesses that make significant capital investments or create jobs in clean-tech and other strategic industries. Businesses may apply for up to 4 new tax credits (jobs tax credit, R&D tax credit, real property tax credit, investment tax credit), and the program costs are capped at $500 million. The credits are based on the number of jobs created, the size of the investment, and the strategic industry.
|Department||Empire State Development|
|Address||633 Third Avenue New York City, New York 10017|