NEW YORK CITY INCENTIVES

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New York City has a wide range of incentives focused on creating growth

There is a multitude of incentive programs that target expansion, relocation, new hires, and others which enable business growth across each borough.

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Relocation Employment Assistance Program (REAP): Relocation credit against New York City business income tax worth up to $3,000 per qualified employee year for 12 years. See the NYC Incentives Guide for more information.

Energy Cost Savings Program (ECSP): Businesses that are relocating may receive up to 12 years of electricity and gas discounts. Download the NYC Incentive Guide for details.

Lower Manhattan Energy Program (LMEP): Commercial tenants may receive an energy discount of up to 12 years in qualified buildings. Check the NYC Incentives Guide for qualified areas in NYC.

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