Excelsior Jobs Program Tax Credits

Excelsior Jobs Program

Administrator: Mohawk Valley EDGE assists with applications

Geographic Scope: New York State (including Mohawk Valley)

Overview:
The Excelsior Jobs Program encourages businesses to expand in and relocate to New York by providing fully refundable tax credits to eligible applicants. Businesses claim credits over a benefit period of up to 10 years.

Program Types:

• Four types of fully refundable tax credits available
• Excelsior Jobs Tax Credit: 6.85% of wages per net new job

Eligibility Requirements:

• Business expansion or relocation to New York
• Must meet and maintain established job thresholds
• Must meet and maintain established investment thresholds

What Funding Supports:

• Job creation
• Business expansion
• Relocation incentives
• Capital investment

Benefit Period: Up to 10 years

Contact:

• Mohawk Valley EDGE
• Phone: (315) 338-0393
• Address: 584 Phoenix Drive, Rome, NY 13441
• Contact for assistance with Mohawk Valley projects

Discrimination Statement: Mohawk Valley EDGE does not discriminate on the basis of race, color, national origin, sex, age, or disability in its program or activities.

Application Process

• Contact Mohawk Valley EDGE at (315) 338-0393 for assistance
• Discuss business expansion or relocation plans
• EDGE will evaluate eligibility based on job and investment thresholds
• EDGE can provide guidance on application process
• Applicants must meet and maintain job and investment thresholds throughout benefit period