1) No N.Y. State business taxes collected on most business
conducted at TechCity.
2) No N.Y. State tax on items purchased for business use at
TechCity, from office supplies to vehicles,
from telecom equipment to computers.
3) Business Tax Reduction Credits and Exemptions
4) Employee Credits
($1,500 per employee each year through 12/31/05)
($3,000 per employee classified as "difficult to employ". )
5) Loans and Grants for Infrastructure and Workforce Training
6) Capital Credit on Equity Investment in Empire Zone Businesses
7) Investment Tax Credits
8) Priority in State Services
9) Capital Credit on Equity Investment in EDZ Capital
Corporations and Donations to EDZ Non-Profit Entities
In addition, there are:
Venture Capital Tax Credits
Insurance Companies investing in Venture Capital pools that invest in Empire Zone businesses can access additional incentives.
Industrial Development Bonds
Ulster County Industrial Development Agency (UCIDA) is authorized to issue taxable and tax-exempt development revenue bonds for qualified industrial, manufacturing and commercial projects. The structure of the bond offer enables the qualified company to realize significant exemptions from certain NY State taxes. UCIDA bonds may be used to finance projects between $500,000 and $15,000,000 or more, depending on the type of project. Utilization of UCIDA issue bonds may entitle your company to mortgage recording tax reductions, sales tax exemptions and real property tax abatements. Also see Ulster County, NY
Additional Incentive Programs
TechCity will help you identify and take advantage of a variety of other local and state incentives, including revolving loan funds, tax-exempt and taxable industrial development revenue bonds, fee waivers and grants for capital improvements and site expansion.
Workforce Development
Ulster County offers a large, skilled, high-productivity work force thanks, in part, to the region's commitment to educational excellence. 
And, if your business requires special training, Ulster County can help design and finance a program to meet your needs. New York State's Department of Labor offers comprehensive employment services, and in some cases can assist in accessing federal training funds. Local workforce agencies will also help identify and train qualified employees for you.
Research, Technology and Business Development
TechCity is one of the major beneficiaries of the Hudson Valley Research and Development Partnership, a consortium of New York State's leading colleges and universities. The Partnership's goal: incubate research, technology and business development collaborations among area companies and institutions of higher learning. It includes such prestigious institutions as Columbia University, Cornell University, Syracuse University and the State University of New York.
If you would like to learn more about how TechCity can help your business or for more in-depth information about available economic incentives at TechCity, please contact us