Excelsior Jobs Program  

Program Purpose
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.

Eligibility
 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 10 net new jobs.
  • Software Development firms creating at least 10 net new jobs
  • Agriculture firms creating at least 10 new jobs
  • Manufacturing firms creating at least 25 net new jobs
  • Financial services customer service back office operations creating at least 100 net new jobs
  • Back office firms creating at least 150 net new jobs
  • Distribution firms creating at least 150 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 50 employees are also eligible to apply for participation in the Program.

Eligible project types:

  • Job creation
  • Job retention and significant capital investment

 

Excelsior Jobs Program Overview

Statutory Provisions

Program Emergency Regulations

Revised Excelsior Permanent Regulations - Comments will be accepted until 5:00 p.m. on Monday, November 14, 2011 and should be sent to:
    Thomas Regan
    Assistant Counsel
    Empire State Development
    30 South Pearl Street
    Albany, NY 12245
    tregan@esd.ny.gov

 

Contact Information
 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.