Incentives

Businesses interested in investing in the Capital Region may be eligible for economic development tax incentives and grant funding.

Incentives include financial assistance, infrastructure development grants, tax credits and exemptions, customized training, and technical support programs. The eligibility requirements differ from program to program.

CEG assists with incentive program identification and coordination across local, regional, and statewide resources. Contact us for details. Let us be your navigator.

CEG also partners with several public and private organizations to support projects throughout the region. Our key economic development partners are:

Empire State Development (ESD) is New York’s primary economic development agency, which includes the newly formed Office of Workforce Development (OSW). ESD also oversees the Regional Economic Development Council (REDC) process.
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National Grid is the Capital Region’s primary provider of natural gas and electricity. The utility’s economic development programs support the adoption of energy efficient practices, development of more energy efficient buildings and training of workers for those initiatives.
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The New York Energy Research and Development Authority (NYSERDA) offers a suite of programs for energy efficient buildings, Equipment/Supplies, training, and R&D.
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Whether businesses are interested in renovating a building or infrastructure, purchasing new Equipment/Supplies, or training workers, CEG can help them identify the right tax incentives, grants or other funding mechanisms that meet their needs. 

Available Programs

Empire State Development (Grants & Loans)

Empire State Development Office of Workforce Development (Grants)

Empire State Development (Tax Credits)

National Grid (Grants)

NYSERDA (Grants)

Miscellaneous (Tax Exemptions)

Miscellaneous (Grants)

Miscellaneous (Venture Capital)

Industrial Development Agencies (IDAs)

There are 24 industrial Develop Agencies in the Capital Region with jurisdictions over entire counties or cities, towns and villages. IDAs are empowered to grant real property tax exemptions and PILOTs, issue bonds and execute straight leases. Check out the IDAs by County below:

 

Capital Albany

Albany County IDA

Bethlehem IDA

Cohoes IDA

Colonie IDA

Green Island IDA

Guilderland IDA

Columbia County IDA

Hudson IDA

Greene County IDA

Rensselaer County IDA

Troy IDA

Rensselaer IDA

North Greenbush IDA

Saratoga County IDA

Clifton Park IDA

Corinth IDA

Mechanicville-Stillwater IDA

Waterford IDA

Schenectady Metroplex

Warren-Washington IDA

Glens Falls IDA

Need Help Navigating?

Not sure what route is best for you? Reach out to our team and we’ll help set you in the right direction.

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Contact us!
 

Funding Partners