The New York State Department of Taxation and Finance on Tuesday launched a new business incentives webpage.
The new design is a “one-stop shop” where new and existing business owners can learn about tax credits and incentives for which they may qualify.
New York State offers dozens of tax breaks to “help make starting or growing a business easy and affordable,” the department contended in a news release. The webpage provides detailed information for each credit and incentive, in one spot.
(Sponsored)
Ask the Expert: How Registered Apprenticeship Can Solve Employers’ Workforce Challenges
In today’s tight labor market, finding and retaining skilled workers is tougher than ever. Many industries are facing talent shortages, rising turnover costs, and the pressure to keep pace with
Is Your Small Business Ready for the Unexpected?
Essential Coverage Every Family Enterprise Needs Small businesses are built on big dreams, and those dreams run even deeper when family is involved. You’ve invested your time, money, and heart
“Small businesses — 97 percent of all businesses in the state — are the backbone of New York’s economy,” New York State Commissioner of Taxation and Finance Jerry Boone said in the release. “This new webpage, with information about vital business resources and new tax credits, can help these businesses thrive.”
The site includes job credits and incentives available to businesses to hire, employ, and train local workers. Location-based property tax credits and exemptions for property improvements are also available.
Businesses in specific industries — such as farming and agriculture, research and development, and manufacturing — can also find opportunities on the new webpage, the Department of Taxation and Finance said.
Contact The Business Journal News Network at news@cnybj.com
