Empire State Development announced a COVID-19 Capital Costs Tax Credit Program provides up to $25,000 in tax credits to eligible businesses that made investments to comply with emergency orders and regulations, or to increase public safety in response to COVID-19. Please apply as soon as you can, as funds are expected to run out.
Eligible requirements:
- Operate in NYS
- Have 2021 gross receipts of $2.5M or less
- Employ 100 persons or less
- Have incurred at least $2,000 of qualifying expenses between January 1, 2021 and December 31, 2022.
Fill out a required eligibility screening tool to determine if your business qualifies for the program here. More information here. If you have questions or need assistance, please contact Osagie Afe at oafe@licpartnership.org or 718-705-9937