New York State presents a business owner with two faces. On the one hand, it is the business capital of the world, offering unequaled capital markets, a myriad of financing choices, a significant consumer market, excellent institutions of higher education, an experienced and well-educated work-force, and amazing natural resources, all making up one of the 15 largest economies in the world. However, conducting business in New York can be a daunting challenge, requiring that a business overcome regulatory and tax burdens, high costs of conducting business, and a highly compensated workforce.
The CLDT Economic Development practice assists businesses in overcoming the hurdles, helping provide access to New York’s valuable attributes. Our attorneys are experienced in all facets of economic development law, including:
- Industrial development agencies, PILOT agreements and sales tax exemptions
- Start-Up NY Program
- Federal and state historic rehabilitation tax credits
- Federal and state solar and wind power development incentives
- State and local grants and the federal tax issues associated therewith
- New York’s Brownfield Cleanup Program
- Low Income Housing Tax Credits
- New York’s Consolidated Funding Application process
- Excelsior Program
- Empire Zones Program
- EB-5 financing
- New Markets Tax Credits
Because so many economic development incentives and programs are based in tax law, we use our experience in tax law to ensure we provide our clients with creative solutions to the problems presented by conducting business in New York.