- The Employee Training Incentive Program (E-TIP) provides a tax credit to New York State employers for:
- training investments that upgrade, retrain, or improve the productivity of their employees, and
- Approved internship programs that provide training in advanced technologies.
- START-UP NY helps new and expanding businesses through tax-based incentives and innovative academic partnerships. START-UP NY offers new and expanding businesses the opportunity to operate tax-free for 10 years on or near eligible university or college campuses in New York State. Partnering with these schools gives businesses direct access to advanced research laboratories, development resources and experts in key industries.
- Assistance for Small Businesses
New York State Small Business Development Centers – The NYS/SBDC:
- offers pro bono counseling assistance for small business entrepreneurs, both start-ups and existing businesses. Services include:
- assistance on business plan development
- loan resource identification
- financial planning
- export information
- cost analysis, and
- marketing as well as targeted business training programs.
Queens - SBDC, LaGuardia Community College
29-10 Thomson Avenue, Room C916
Long Island City, NY 11101-2940
MANHATTAN - SBDC, Pace University
163 William Street, 16th Floor
New York, NY 10038
- Business Mentor NY – the program is a web-based, hands-on mentoring program geared to help entrepreneurs and established small businesses overcome challenges to grow their business.
- Network includes professionals across a variety of different industries such as finance, retail, IT, marketing, and communications.
- Business Mentor NY is available to any NY State business that employs 100 or fewer employees. To qualify as a mentor, professionals should have three years of business ownership experience, or five years of management experience.
Join by visiting: https://businessmentor.ny.gov
- New York Division of Small Business – Empire State Development
Phone: 1-800-STATE NY (1-800-782-8369)
New York State Small Business Ombudsman - (212) 803-3149
- New York State’s Capital Access Program (CAP) – CAP provides portfolio insurance to participating lenders to increase small business lending in New York State. NYS Small business can utilize CAP by contacting a participating lender who will conduct their own loan application process and determine loan terms.
- Maximum loan amount is $500,000.
- Can have two loans at a time of up to $1,000,000 total.
- No minimum loan amount.
Join by visiting: www.employmentincentives.com/state_incentives/documents/New_York/CAPOverview.pdf
- Community Development Financial Institution (CDFI) Assistance Program – The Community Development Financial Institution Assistance Program bolsters institutions providing microloans to small businesses that often do not qualify for bank loans, as well as provide one-on-one counseling and business development assistance to facilitate credit readiness.
The Program provides grant support to CDFIs in New York State for loan capital, the provision of technical assistance, institutional capacity, and loan loss reserves.
Learn more by visiting: https://esd.ny.gov/community-development-financial-institution-assistance-program
- Small Business Revolving Loan Fund – The Small Business Revolving Loan Fund is a $50 million fund designed to create economic activity by providing greater access to capital for main street everyday small businesses.
- Program targeted to minorities, women, and others who have difficulty getting credit.
- Program loans to small businesses are to be used for the creation and retention of jobs.
- Funding may be used for working capital, acquisition and or improvement of real property, the acquisition of machinery and equipment, property improvement, or the refinancing of debt obligations.
Learn more by visiting: