Business Economic Development
The Business Economic Development Services Group at Anchin is committed to helping clients take advantage
of the many incentive programs offered by the federal, state and
local government agencies. The group works with a wide range of
tax and business incentive programs to deliver tangible benefits.
Federal, state, and local business incentive programs enhance
economic development by spurring companies to make business investments,
and create and retain jobs, thus promoting neighborhood commercial
activity and strengthening the economy. Our specialists identify
companies that are eligible for these business incentives and work
with those companies to assist them through the complexity of local
government programs.
The group is experienced with the various incentive programs,
providing information to the business owners in helping analyze
their needs and recommending various incentives based upon their
development plans.
The results of these efforts? More than 100 separate successes, including:
- A Long Island, NY distributor saved an estimated $7 million over a 10-year period on a $14 million property purchase by accessing complimentary incentive programs, including IDA, Empire Zone, and Energy Cost Savings programs.
- An upstate designer and manufacturer in Orange County, NY, pending Empire Zone certification in two locations, will access investment tax credits for new facilities, adding jobs in Orange County.
- A food manufacturer in Brooklyn, NY received tax credits of $2.3 million over two years, with 50% refundable to reinvest in the business.
- A manufacturer and distributor in Long Island, NY received a $250,000 discretionary grant from MAP to improve retention and manufacturing operations, processes. Team has also initiated site selection process, using cost value analysis to compare sites statewide.
New York City Economic Development Programs
- New York State Empire Zone Program (EZ)
- Industrial Development Agency (IDA) Benefits
- Industrial and Commercial Incentive Program (ICIP)
- Industrial Relocation Grant Program (IRG)
- Relocation and Employment Assistance Program (REAP)
- Rent Abatement for Commercial and Industrial Tenants
- Energy Cost Savings Program (ECSP)
- Low Interest Loans
The State of New York Economic Development Programs
The State of New Jersey Economic Development Programs
- Business Employment Incentive Program (BEIP)
- Urban Enterprise Zone (UEZ)
- Business Retention and Relocation Assistance Grant (BRRAG)
- Clean Energy Program (NJCEP)
- New Jersey Economic Development Authority (NJEDA) Brownfield Redevelopment
- Technology Business Tax Certificate Transfer Program
- The Federal Renewal Community Program
- Additional Industry-Specific Programs
Click here
to view a list of our Partners and Directors
Click here
to view a list of our Project Management Team
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