Excelsior Jobs Program
Tax credits are available for strategic businesses such as high tech, bio-tech, clean-tech and manufacturing that create jobs or make significant capital investments.
The following strategic businesses located in or planning to locate in NYS that will create jobs or retain jobs and make significant capital investments.
Scientific Research and Development firms creating at least
5 net new jobs.
§ Software Development firms creating at least 5 net new jobs
§ Agriculture firms creating at least 5 new jobs
§ Manufacturing firms creating at least 10 net new jobs
§ Financial services (customer service) back office operations creating at least 50 net new jobs
§ Back office firms creating at least 50 net new jobs
§ Distribution firms creating at least 75 net new jobs
§ Music Production firms creating at least 5 net new jobs
§ Entertainment Companies creating at least 100 net new jobs
§ Other firms creating at least 300 net new jobs and investing at least $6 million
Firms in strategic industries that make significant capital investment that have at least 25 employee; manufacturing firms who retain at least 10 employees are also eligible to apply for participation in the Program.
§ Job creation
Job retention and significant capital investment
Per recent legislation enacted, (Chapter 68, Laws of 2013), eligibility criteria for the Excelsior Jobs Program was changed. These changes are reflected in the Program Overview.
For more information, eligible applicants should visit http://nyworks.ny.gov/, which includes contact information for the appropriate ESD Regional Office covering the project area.