New York

Quick Facts


New York Governor Andrew Cuomo


  • Capital: Albany
  • Population (2012 Est.): 19,570,261
  • Largest Cities (2012): New York, 8,336,697; Buffalo, 259,384; Rochester, 210,532; Yonkers, 198,449; Syracuse, 144,170
  • Targeted Industries: Distribution, Communication & Media Services, Finance, Clean Tech, Agriculture, High Tech Electronics & Software
  • GDP (All Industry 2012): $1.2 trillion*

*Bureau of Economic Analysis, U.S. Department of Commerce



World Trade Center Job Creation & Retention Program (JCRP): Encourages companies to commit to creating a minimum of 75 new jobs, or retaining at least 200 jobs, in Lower Manhattan.


Cash Incentives: New York State offers low-cost loans and grants to companies that invest significant capital in the State and commit to the creation and retention of private sector jobs. Terms can be customized to each project; other criteria apply.

Regional Economic Development Councils: Governor Cuomo’s new Regional Councils represent a fundamental shift in New York State’s approach to economic development, from a top-down development model to a community-based approach that empowers regions to set their own development priorities. Each Regional Council, chaired by Lieutenant Governor Robert Duffy and made up of local industry, academic, and community leaders, will create a plan for the development of their region. Through a new Consolidated Funding Application that combines resources from dozens of existing programs, the Councils will apply for $1 billion in state funding for projects they determine to be part of their regional strategies. To learn more about the Regional Councils, please visit

Commercial District Revolving Loan Trust Funds: ESD has capitalized over $600,000, making funds available to five community-based corporations to administer and make loans to small retail and service businesses in their service areas. The two primary forms of assistance are:

  • Working capital loans of up to $15,000 for up to five years. Loans may be used for, but not limited to: upgrading display lighting; advertising and promotion; payroll for additional staff and training; purchase of computers to enhance inventory control; and the purchase of display cabinets, furniture and fixtures.
  • Fixed asset loans of up to $20,000 for terms not to exceed seven years. Loans may be used for, but not limited to: acquisition or improvement of real property, including interior improvements and remodeling, building façade improvements and signage.

Eligible applicants include for-profit retail, professional or commercial service businesses with 50 or fewer full-time equivalent employees, located within the specific service delivery area served by the administering corporation.

Community Development Financial Institution Assistance Program (CDFI): Provides micro-loans to businesses who often do not qualify for bank loans, as well as one-on-one counseling and business development assistance to facilitate credit-readiness.

Economic Development Fund (EDF): Offers financial assistance for projects that promote the economic health of New York State by facilitating the creation and or retention of jobs or the increase of business activity in the State. EDF funds assist with construction, expansion and rehabilitation of facilities; acquisition of machinery and equipment; working capital; and the training of full-time permanent employees.

Industrial Effectiveness Program (IEP): To provide technical and financial assistance to help New York State manufacturing firms address competitiveness issues that increase productivity, efficiency and market share. The award evaluation will be based on demonstrated need, company size, willingness to share costs of technical expertise and contribute resources, involvement of employees and commitment to self-improvement. The maximum award is a $50,000 grant.

Job Development Authority (JDA) Direct Loan Program: Provides Direct Loans for the growth of manufacturing and other eligible businesses within New York State by assisting in financing a portion of the cost of acquiring and renovating existing buildings or constructing new buildings (Real Estate” projects) or for purchasing machinery and equipment (M&E” projects). Funds to make Loans are derived from the sale of State-guaranteed bonds.

  • In most cases, JDA Loans can be for up to 40% of the total project cost of Real Estate projects or M&E projects. Loans may be up to 60% for projects located in Empire Zones or economically distressed area.
  • The combination of a bank loan and a JDA Loan allows up to 90% financing of a project.

Jobs Now: Offers financial assistance for major business expansion and attraction efforts that will create or attract significant numbers of permanent, full time private sector jobs in New York State. It is primarily directed toward large projects that create a minimum of 300 new full-time jobs. ESD may provide assistance for projects that create fewer than 300, but at least 100 new, permanent, full-time, private sector jobs, within the State.

Funding assists businesses with construction and expansion of facilities; acquisition of machinery and equipment; to offset a portion of state and local taxes incurred by the expansion; and the recruitment, hiring and training of full-time permanent employees.

Minority and Women-Owned Business (MWBE) Development & Lending Program: Provides financial assistance to Minority and Women-Owned Business Enterprises (MWBE) in the State, as well as to projects and programs that assist the development of entrepreneurship among minority persons and women in New York State. Assistance is offered through:

  • Lending in conjunction with local, community and regionally-based entities
  • Lending for certified government contractors and eligible government contractors
  • Direct financial assistance
  • Incubator assistance
  • Technical assistance

Transportation Capital Assistance Program: ESD administers this loan program for the New York State Department of Transportation (NYSDOT). It provides government contractor working capital loans to small business enterprises and NYS-certified minority and women-owned business enterprises (MWBEs) that have transportation-related construction contracts with NYSDOT or who are subcontractors of contractors having transportation-related contracts with NYSDOT. The program offers loans from $20,000 to $500,000, with a prime interest rate fixed at closing. Contractors that have been awarded a contract but have not yet begun work on the contract are eligible. Applications are accepted continuously.

Minority and Women-Owned Business (MWBE) Development & Lending Program: To provide financial assistance to Minority and Women-Owned Business Enterprises (MWBE) in the State, as well as to projects and programs that assist the development of entrepreneurship among minority persons and women in New York State. The program provides financial assistance through:

  • Lending in conjunction with local, community and regionally-based entities
  • Lending for certified government contractors and eligible government contractors
  • Direct financial assistance
  • Incubator assistance
  • Technical assistance


Emerging Technologies: New York State has enacted tax incentives for: investors in Qualified Emerging Technology Companies (QETCs); job creation by QETCs; and R&D investment, R&D expenses and qualified high technology training costs incurred by QETCs.

Investment Tax Credit (ITC): Businesses that create new jobs and make new investments in production property and equipment may qualify for tax credits of up to 10% of their eligible investment. New businesses may elect to receive a refund of certain credits and all unused credits can be carried forward for 15 years.

Research and Development (R&D) Tax Credit: Investments in R&D facilities are eligible for a 9% corporate tax credit. Additional credits are available to encourage the creation and expansion of emerging technology businesses, including a three-year job creation credit of $1,000 per employee and a capital credit for investments in emerging technologies.

Excelsior Jobs Program: Governor Cuomo’s 2011-2012 Executive Budget revised the Excelsior Jobs Program to produce better results for New York’s strategic industries through enhanced tax credits, an extended tax benefit period, discounted gas or electric rates from utilities, and increased responsiveness and transparency. The Program provides job creation and investment incentives to firms in such targeted industries as biotechnology, pharmaceutical, high-tech, clean-technology, green technology, financial services, agriculture and manufacturing. Firms in these industries that create and maintain new jobs or make significant financial investment are eligible to apply for up to four new tax credits. Excelsior encourages businesses to expand in and relocate to New York while maintaining strict accountability standards to guarantee that businesses deliver on job and investment commitments. Program costs are capped at $500 million annually to maintain fiscal affordability and ensure that New Yorkers realize a positive return on their investment. To learn more about the Excelsior Jobs Program, please visit

New Markets Tax Credit: Program that subsidizes long-term capital investment in order to foster job creation and community development in Low-Income Communities throughout New York State. Empire State Development (ESD) has available interest-only loans at below-market rates, a portion of which may be forgiven upon maturity.

New York State Film Production Credit Program: Established to attract and grow the film and television production industries throughout New York State (NYS). It offers a fully refundable 30% tax credit on qualified production costs incurred in NYS and is funded at $420 million per year for each of the calendar years 2010-2014. Eligible productions include:

  • Feature films
  • Episodic television series
  • Television pilots and presentations
  • Television movies and miniseries

New York State Film Post Production Credit Program: Created to support and grow the post production industry in New York State. Many projects, whose location shooting was done elsewhere, will take advantage of New York’s abundant post-houses and bring the project to NYS for their post production work. Up to $7 million per year for calendar years 2010-2014 inclusive will be available. This program is entirely separate from the New York State Film Production Credit program, and applicants to that program may NOT apply to both programs for the same project. The NYS Post Production credit is a fully refundable 10% tax credit on qualified post production costs paid in the production of a qualified film at a qualified post production facility in New York State. There are no per-project caps, and there is rollover in the annual $7 million allocation going forward until 2014.


Entrepreneurial Assistance Program (EAP): Establishes Entrepreneurial Assistance Centers in local communities to provide instruction, training, technical assistance and support services to individuals who have recently started their own business or are interested in starting a business.

State Listings

  • Empire State Development (ESD)

    Kenneth Adams
    President, CEO and Commissioner
    633 Third Avenue
    New York, NY 10017
    P: 212-803-3700
    [email protected]
  • New York State Economic Development Council

    Brian T. McMahon
    Executive Director
    111 Washington Avenue, 6th Floor
    Albany, NY 12210-1350
    P: 518-426-4058
    [email protected]


Utility Listings

  • National Grid

    Art Hamlin
    Director, Economic Development & Corporate Citizenship
    300 Erie Boulevard West
    Syracuse, NY 13202
    P: 315-428-6543
    [email protected]
  • New York State Electric & Gas

    Joe Rizzo
    Regional Manager, Economic Development
    89 East Ave, 3rd Floor
    Rochester, NY 18649
    P: 585-724-8165
    [email protected]


Regional Listings

  • Buffalo Niagara Enterprise

    Thomas Kucharski
    President & CEO
    665 Main Street
    Buffalo, NY 14203
    P: 716-842-1330, ext. 452
    [email protected]
  • Center for Economic Growth (CEG)

    Andrea Swank
    Director, Business Development & Marketing
    39 North Pearl Street, Suite 100
    Albany, NY 12207
    P: 518-465-8975, ext. 250
    [email protected]
  • Development Authority of the North Country

    Thomas R. Sauter
    Deputy Executive Director
    317 Washington Street
    Watertown, NY 13601
    P: 315-661-3200
    [email protected]
  • ESD, Capital Region

    Arnie Will
    Acting Regional Director
    Hedley Park Place, 433 River Street, Suite 1003
    Troy, NY 12180
    P: 518-270-1130
    [email protected]
  • ESD, Central New York Region

    James Fayle
    Regional Director
    620 Erie Boulevard West, Suite 112
    Syracuse, NY 13204
    P: 315-425-9110
    [email protected]
  • ESD, Finger Lakes Region

    Vincent Esposito
    Regional Director
    400 Andrews Street, Suite 300
    Rochester, NY 14604
    P: 585-399-7050
    [email protected]
  • ESD, Long Island Region

    Andrea Lohneiss
    150 Motor Parkway
    Hauppauge, NY 11788
    P: 631-435-0717
    [email protected]
  • ESD, Mid-Hudson Region

    Aimee Vargas
    Regional Director
    33 Airport Center Drive, Suite 201
    New Windsor, NY 12553
    P: 845-567-4882
    [email protected]
  • ESD, Mohawk Valley Region

    Kenneth Tompkins
    Regional Director
    207 Genesee Street
    Utica, NY 13501
    P: 315-793-2366
    [email protected]
  • ESD, New York City Region

    Joseph Tazewell
    Regional Director
    633 Third Avenue, 31st Floor
    New York, NY 10017
    P: 212-803-3130
    [email protected]
  • ESD, North Country Region

    Steve Hunt
    Regional Director
    401 West Bay Plaza
    Plattsburgh, NY 12901
    P: 518-561-5642
    [email protected]
  • ESD, Southern Tier Region

    Bonnie Palmer
    Regional Director
    44 Hawley Street, Suite 1508
    Binghamton, NY 13901
    P: 607-721-8605
    [email protected]
  • ESD, Western New York Region

    Christina Orsi
    Regional Director
    95 Perry Street, Suite 500
    Buffalo, NY 14203-3030
    P: 716-846-8200
    [email protected]
  • Greater Rochester Enterprise

    Staci Henning
    Vice President, Marketing & Communications
    100 Chestnut Street, One HSBC Plaza, Suite 1910
    Rochester, NY 14604
    P: 585-530-6211
    [email protected]
  • Mohawk Valley EDGE

    Steve DiMeo
    584 Phoenix Drive
    Rome, NY 13441-4105
    P: 315-338-0393
    [email protected]
  • Northeastern Economic Developers Association

    James Keib
    Executive Director
    The Gleason Center, 314 Second Street
    Liverpool, NY 13088
    P: 315-415-2930
    [email protected]
  • Southern Tier Economic Growth, Inc., Elmira Office

    George Miner
    400 East Church Street
    Elmira, NY 14901
    P: 607-733-6513
    [email protected]
  • USA Niagara Development Corporation

    Christopher J. Schoepflin
    222 First Street, 7th Floor
    Niagara Falls, NY 14303
    P: 716-284-2556
    [email protected]


County Listings

  • Albany County Economic Development, Conservation & Planning

    Mark Fitzsimmons
    112 State Street, Room 720
    Albany, NY 12207
    P: 518-447-5670
    [email protected]
  • Broome County Industrial Development Agency

    Kevin McLaughlin
    Executive Director
    P.O. Box 1510
    Binghamton, NY 13902
    P: 607-584-9000, ext. 102
    [email protected]
  • Cattaraugus County Industrial Development Agency

    Corey R. Wiktor
    Executive Director
    9 East Washington Street, P.O. Box 1749
    Ellicottville, NY 14731
    P: 716-699-2005
    [email protected]
  • Cayuga County Planning & Development

    Stephen Lynch
    160 Genesee Street, 5th Floor
    Auburn, NY 13021
    P: 315-253-1276
    [email protected]
  • Chautauqua County Department of Planning & Economic Development

    Bill Daly
    200 Harrison Street
    Jamestown, NY 14701
    P: 716-661-8900
    [email protected]
  • Commerce Chenango

    Bryan McCracken
    Economic Development Coordinator
    15 South Broad Street
    Norwich, NY 13815
    P: 607-334-5532
    [email protected]
  • Cortland County Business Development Corporation

    Garry L. VanGorder
    Executive Director
    37 Church Street
    Cortland, NY 13045
    P: 607-756-5005
    [email protected]
  • County of Westchester Office of Economic Development

    William M. Mooney, III
    Director of the Office of Economic Development
    Michaelian Office Building, 148 Martine Avenue, Room 903
    White Plains, NY
    P: 914-995-2900
    [email protected]
  • Economic Development Corporation of Warren County

    Edward M. Bartholomew
    234 Glen Street
    Glens Falls, NY 12801
    P: 518-761-6007, ext. 305
    [email protected]
  • Erie County Industrial Development Agency (ECIDA)

    Steven W. Weathers, CEcD
    95 Perry Street, Suite 403
    Buffalo, NY 14203
    P: 716-856-6525, ext. 121
    [email protected]
  • Greene County Industrial Development Agency

    Rene VanSchaack
    Interim Executive Director
    270 Mansion Street
    Coxsackie, NY 12051
    P: 518-731-5500
    [email protected]
  • Jefferson County Local Development Corp.

    Marshall Weir
    Director of Marketing 
    800 Starbuck Avenue, Suite 800
    Watertown, NY 13601
    P: 800-553-4111
    [email protected]
  • Livingston County Development Group

    Julie A. Marshall
    6 Court Street, Room 306
    Geneseo, NY 14454
    P: 585-243-7124
    [email protected]
  • Madison County Industrial Development Agency

    Kipp Hicks
    3215 Seneca Turnpike
    Canastota, NY 13032
    P: 315-697-9817
    [email protected]
  • Monroe County Economic Development

    Judy A. Seil
    8100 City Place, 50 West Main Street
    Rochester, NY 14614
    P: 585-753-2000
    [email protected]
  • Montgomery County Business Development Center

    Kenneth Rose
    Old County Courthouse, 9 Park Street, P.O. Box 1500
    Fonda, NY 12068
    P: 518-853-8334
    [email protected]
  • Onondaga County Office of Economic Development

    Kristi Smiley

    333 West Washington Street, Suite 130
    Syracuse, NY 13202
    P: 315-435-3346, ext. 116
    [email protected]
  • Ontario County Development

    Michael J. Manikowski
    Economic Developer
    20 Ontario Street, Suite 106-B
    Canandaigua, NY 14424
    P: 585-396-4460
    [email protected]
  • Operation Oswego County, Inc.

    L. Michael Treadwell, CEcD
    Executive Director
    44 West Bridge Street
    Oswego, NY 13126
    P: 315-343-1545
    [email protected]
  • Orange County Industrial Development Agency

    Laurie Villasuso
    Administrative Assistant
    255 Main Street
    Goshen, NY 10924
    P: 845-234-4192
    [email protected]
  • Orleans County Economic Development

    James Whipple
    121 North Main Street
    Albion, NY 14411
    P: 585-589-7060
    [email protected]
  • Schenectady Metroplex Development Authority

    Jayme Lahut
    Executive Director
    Center City Plaza, 433 State Street, Suite 401
    Schenectady, NY 12305
    P: 518-377-1109
    [email protected]
  • Seneca County Industrial Development Agency

    Robert J. Aronson
    Executive Director
    1 Dipronio Drive
    Waterloo, NY 13165
    P: 315-539-1722
    [email protected]
  • Suffolk County Department of Economic Development & Planning

    Joanne Minieri
    H. Lee Dennison Building, 100 Veterans Highway, 11th Floor
    Hauppauge, NY 11788
    P: 631-853-4800
    [email protected]
  • Tioga County Industrial Development Agency

    Ruth Fiato
    Executive Administrator
    56 Main Street
    Owego, NY 13827
    P: 607-687-8259
    [email protected]
  • Tompkins County Area Development

    Heather Filiberto
    Director of Economic Development Services
    401 East State Street/East MLK Jr. Street, Suite 402B
    Ithaca, NY 14850
    P: 607-273-0005
    [email protected]
  • Wayne County Office of Economic Development & Industrial Development Agency

    Peg Churchill
    Executive Director
    16 William Street
    Lyons, NY 14489
    P: 315-946-5917
    [email protected]
  • Wyoming County Chamber of Commerce

    Scott Gardner
    President & CEO
    6470 Route 20A, Suite 6
    Perry, NY 14530-9798
    P: 585-237-0230
    [email protected]


City Listings

  • Amherst Industrial Development Agency/Development Corporation

    James J. Allen
    Executive Director
    4287 Main Street
    Amherst, NY 14226
    P: 716-688-9000
    [email protected]
  • Babylon Industrial Development Agency

    Robert Stricoff
    47 West Main Street, Suite 3
    Babylon, NY 11702
    P: 631-587-3679
    [email protected]
  • Brooklyn Economic Development Corporation (BEDC)

    Joan G. Bartolomeo
    Kingsborough Community College, 2001 Oriental Boulevard, Building T4, Room 4162
    Brooklyn, NY 11235
    P: 718-368-6781
    [email protected]
  • City of Auburn Office of Planning & Economic Development

    Jennifer Haines
    Memorial City Hall, OPED, 24 South Street
    Auburn, NY 13021
    P: 315-255-4115
    [email protected]
  • City of Hornell Industrial Development Agency

    James W. Griffin, CEcD, HLM, FM
    Executive Director
    40 Main Street
    Hornell, NY 14843-1538
    P: 607-324-0310
    [email protected]
  • City of Kingston Office of Economic Development & Strategic Partnerships

    Gregg H. Swanzey
    Kingston City Hall, 420 Broadway
    Kingston, NY 12401-4626
    P: 845-334-3962
    [email protected]
  • City of Ogdensburg Planning & Development

    Andrea Smith
    Interim Director
    330 Ford Street, Room 11
    Ogdensburg, NY 13669
    P: 315-393-7150
    [email protected]
  • City of Poughkeepsie

    Laura E. Wojtowicz
    Development Director
    Municipal Building, P.O. Box 300
    Poughkeepsie, NY 12602-0300
    P: 845-451-4046
    [email protected]
  • City of Rome Department of Community & Economic Development (CED)

    Rachel Powers
    Community Development Specialist
    198 North Washington Street
    Rome, NY 13440
    P: 315-339-7645
    [email protected]
  • Lumber City Development Corporation

    Richard L. Tindell
    Executive Director
    500 Wheatfield Street
    North Tonawanda, NY 14120
    P: 716-695-8580, ext. 5517
    [email protected]
  • New Rochelle Economic Development

    Jeremy Schulman, AICP
    Economic Development Manager
    515 North Avenue
    New Rochelle, NY 10801
    P: 914-654-2193
    [email protected]
  • Rochester Economic Development Corporation (REDCO)

    David Balestiere
    Manager of Industrial Development
    30 Church Street
    Rochester, NY 14614
    P: 585-428-6817
    [email protected]
  • Saratoga Economic Development Corporation

    Dennis A. Brobston
    28 Clinton Street
    Saratoga Springs, NY 12866-2143
    P: 518-587-0945
    [email protected]
  • Town of Colonie Industrial Development Agency

    Joe LaCivita
    Executive Director
    347 Old Niskayuna Road
    Latham, NY 12110-2213
    P: 518-782-2599
    [email protected]
  • Town of Islip Economic Development

    William G. Mannix
    Director of Economic Development
    40 Nassau Avenue
    Islip, NY 11751-3629
    P: 631-224-5512
    [email protected]
  • Troy Industrial Development Authority

    Monica Kurzejeski
    Economic Development Coordinator
    433 River Street
    Troy, NY 12180
    P: 518-279-7412
    [email protected]
  • Village of Fairport Industrial Development Agency

    Kal Wysokowski
    Executive Director
    31 South Main Street
    Fairport, NY 14450
    P: 585-421-3240
    [email protected]
  • Yonkers Industrial Development Agency

    Melvina Carter
    President & CEO
    87 Nepperhan Avenue, Suite 408
    Yonkers, NY 10701
    P: 914-509-8651
    [email protected]