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Excelsior Jobs Program Tax Credits

ECONOMIC DEVELOPMENT GROWTH ENTERPRISES

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Funding Amount

6.85% of wages per net new job (varies by program type)

Deadline

Rolling / Open

Grant Type

foundation

Overview

Excelsior Jobs Program

Funder: New York State

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.

    How to Apply

    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
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    Focus Areas & Funding Uses

    Fields of Work

    small-businessescommunity-development

    Categories

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