Owning a Business in NYC should be easy

To make it a better experience for you, NYCEDC has put together a comprehensive guide of incentives for business in New York City. From financing to tax to energy to R&D, NYC has incentives for all industries to run a successful business!

Click on the digital booklet (to the right) to read it in full and scroll down to find more local resources recommended by BXEDC.

  • NYC Small Business Services

    The NYC Department of Small Business Services (SBS) helps unlock economic potential and create economic security for all New Yorkers by connecting New Yorkers to good jobs, creating stronger businesses, and building thriving neighborhoods across the five boroughs.

  • NYC SBS Funds Finder

    This platform is a program of NYC Small Business Services, powered by Next Street. On the platform, small businesses can access funding products and connect with Financing Advisors who can provide guidance on suitable financial products, help with document preparation, and connect with multiple providers.

  • NYC Accelerator Services

    Provides free on-site compliance consultations to help businesses navigate rules and regulations, obtain permits, and open or expand their operations quickly.

  • NYC Business Solutions Centers

    Offers a range of services including business planning, financing assistance, legal advice, marketing strategies, and operational guidance through one-on-one consultations.

  • Bronx Business Improvement District (BID)

    The BXEDC collaborates with local BIDs in the Bronx to support businesses in specific commercial districts, including marketing campaigns, beautification efforts, and events to attract customers.

  • NYC Industrial Development Agency Tax Incentives

    If an industrial project is in an Industrial Business Zone (IBZ), a full land tax abatement may be available (after 20 years, benefits phase out at not more than 20 percent per year). For industrial projects outside of IBZs, land tax abatements may be further abated based on the value of improvements.

  • NYC Small Business Continuity Loan Program

    Offers zero-interest loans up to $75,000 to help small businesses recover from physical damage or economic losses due to emergencies or disasters.

  • Commercial Lease Assistance Program (CLAS)

    Provides legal services and lease negotiation assistance to small businesses facing rent increases, eviction threats, or other commercial lease challenges. Supports small businesses in obtaining affordable commercial space by offering financial incentives to property owners who provide long-term leases at below-market rates.

  • NYC Business Express

    An online platform that simplifies the process of starting, operating, and expanding a business by providing step-by-step guidance, resources, and access to permits and licenses.

  • NYC Restaurant Resource Guide

    Offers specialized support to restaurants, bars, and food-related businesses in the Bronx, including permits, health code compliance, menu development, and marketing strategies.

  • NYC Department of Small Business Services (SBS) Certification

    Helps eligible small businesses in the Bronx obtain certification as Minority and Women-Owned Business Enterprises (MWBEs), which offers access to government contracts and procurement opportunities.

  • NYC Love Your Local

    A campaign that promotes and supports local businesses in the Bronx, providing resources, marketing assistance, and exposure through a directory and social media platforms.

  • NYC Small Business Resource Network

    Connects small businesses in the Bronx with a network of experts and industry professionals who offer pro bono services, including legal, financial, marketing, and technology assistance.

  • NYC Commercial Expansion Program (CEP)

    Offers tax incentives to businesses expanding or relocating to certain areas of the Bronx, encouraging investment and job creation.

  • NYC Employee Ownership Initiative

    Provides resources and guidance to help small businesses in the Bronx transition to employee-owned models, such as worker cooperatives or employee stock ownership plans (ESOPs).

  • Bronx Chamber of Commerce

    The Bronx Chamber of Commerce mobilizes community members, the private sector, and philanthropic partners to develop economic opportunities for aspiring businesses in the Bronx.

  • The Bronx Small Business Development Center at Lehman College

    The Bronx Small Business Development Center (SBDC) at Lehman College provides free business consulting, information about licensing, permit guidance, and SBA Coronavirus Economic Injury Disaster Loan.

  • 311 Call Center

    NYC311 can provide you access to non-emergency City services and information about City government programs. NYC311 can help with a broad range of services, including things like homeless person assistance, pothole repair, or help understanding a property tax bill.

  • The South Bronx Economic Development Corporation (SoBro)

    The South Bronx Economic Development Corporation (SoBro) has a mission to improve the quality of life in the South Bronx through economic, housing, educational, and career development programs for youth and adults.

  • New York City Industrial Development Agency (NYCIDA)

    New York City Industrial Development Agency (NYCIDA) supports business growth, relocation, and expansion across the five boroughs by lowering the cost of capital investment. NYCIDA’s tax incentive programs bolster the local economy, create jobs for New Yorkers, and uphold the city’s position as a global business hub.

  • The New York City Economic Development Corporation (NYC EDC)

    The New York City Economic Development Corporation (NYC EDC) works with and for communities to drive New York’s economic future forward. NYC EDC is creating a vibrant, inclusive, and globally competitive economy for all New Yorkers.