New York State is offering a wide array of programs to encourage new business to come to New York. The programs offer loans, grants and tax credits, as well as other financing and technical assistance, to support businesses and encourage their growth within New York State. The following information is taken from http://www.esd.ny.gov

 

State Small Business Credit Initiative

 

The National Small Business Jobs Act of 2010 gave New York State access to $55.4 million in funds. New York State's State Small Business Credit Initiative (SSBCI) funds three economic development programs. These programs will enable small businesses to create private sector jobs through new capital and credit.

Grant, Loan and Tax Credit Programs:

Build Now-NY/Shovel Ready Program
Champlain Bridge Assistance Program
Commercial District Revolving Loan Trust Fund
Community Development Financial Institution Assistance Program (CDFI)
Disaster Recovery
Economic Development Fund
Economic Development Purposes Grants
Economic Transformation Program
Entrepreneurial Assistance Program (EAP)
Excelsior Jobs Program
Environmental Investment Program
Global Market Export Services (GEMS)
Healthy Food & Healthy Communities Fund
Industrial Effectiveness Program (IEP)
Job Development Authority (JDA) Direct Loan Program
JOBS Now
Jobs Retention Program (ESJRP)
Manufacturing Assistance Program (MAP)
Metropolitan Economic Revitalization Fund (MERF)
Micro Lending Program
Minority and Women-owned Business Lending (MWBDL) Program
Minority and Women Revolving Loan Trust Fund Program
Regional Council Capital Fund
Regional Revolving Loan Trust Fund (RRLTF)
Small Business Revolving Loan Fund
Transportation Capital Assistance Program   
Urban and Community Development Program (UCDP)
World Trade Center Job Creation & Retention Program (JCRP)

 

Tax Credits:

Brownfield Cleanup Program
New Markets Tax Credits
New York State Film Tax Credit Program
Other Tax Credits & Incentives


Other Financing and Technical Assistance:

New York State Surety Bond Assistance Program (NYSSBAP)
The Capital Access Program
Environmental Assistance
Export Marketing Assistance Service (EMAS)
Governor's Office for Motion Picture & Television Development
The Innovate NY Fund
Linked Deposit Program (LDP)
New York Beverage Business (Beer, Spirits & Wine)
New York Empowerment Zone (NYEZ)
New York State Land Bank Program (NYSLBP)
Procurement Assistance Program
STEP Program
World Trade Center Rent Reduction Program (WTC RR)

What this tells us is that New York is on it's way to growth. The area I serve "From the Gunks to the Hudson" from New Paltz and HIghland and the surrounding areas has a tremendous opportunity to grow. The easy access to transportation via air, highway and rail and the central location is a prime location.