Financing:
The Cortland County IDA works very aggressively to package incentives for business expansions. Our resources include:
- Cortland County Industrial Development Agency Tax Exempt Industrial Revenue Bonds
- Cortland County Industrial Development Agency Taxable Industrial Revenue Bonds
- Cortland County Industrial Development Agency Civic Facility Revenue Bonds
- Cortland County Industrial Development Agency Payment-in-lieu-of-taxes (PILOT) program
- Cortland County Business Development Corporation Revolving Loan Fund
- NYS Empire State Development Fund
- NYS Job Development Authority
- US Dept. of Housing and Urban Development - Small Cities Community Development Block Grant
- US Small Business Administration
- USDA/Rural Development
- New York Business Development Corporation
- CNY Regional Planning and Development Board - Enterprise Development Fund
- COMCO Regional Loan Fund Program
Cortland County is a New York State Empire Zone, which means tax incentives for a new or expanding businesses. The benefits associated with the Empire Zone Program can include:
- A Wage Tax Credit for new hires
- Investment Tax Credit for qualified investments \
- Employment Incentive Credit
- Real Property Tax Credit
- Tax Reduction Credit
- Zone Capital Tax Credits
- Utility rate deductions
To learn more, contact us at: empirezone@cortlandbusiness.com or read more at: www.cortlandbusiness.com