Benefits for Businesses

Department of Finance


Business and Excise TaxesBusiness ResourcesBenefitsDoing Business with NYC


The NYC Biotechnology Tax Credit is designed to support investors and owners of qualified biotechnology companies.

A property tax exemption for solar, wind and other systems

A one-time property tax abatement for properties with green roofs

Business income tax credits for businesses relocating to lower Manhattan

Business income tax credits for businesses not eligible for LMREAP-EB

Incentives for manufacturing, industrial, and not-for-profit organizations

Business income tax credits for companies relocating jobs to NYC

A property tax abatement for properties that use solar power

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