Incentives And Financing
As the lead economic development agency in Broome County, we offer various financial incentives to promote the growth of our local economy.
Tax Exemptions & Incentives
LDC
LDC APPLICATION FOR BENEFITS
This application is required to determine eligibility for tax-exempt bonds for large projects undertaken by non-profits.
IDA
IDA APPLICATION FOR BENEFITS
This application is required to apply for Payment In Lieu of Tax (PILOT) programs, Sales and Mortgage Recording Tax exemptions and the issuance of Industrial Revenue Bonds.
IDA
UNIFORM TAX EXEMPTION POLICY
The Uniform Tax Exemption Policy will apply to all installment sales and lease agreements in which The Agency holds nominal title to real and personal property on behalf of its clients.
IDA
SMALL BUSINESS INCENTIVE PROGRAM
The Small Business Incentive Program can provide eligible applicants the following: an eight percent (8%) NYS sales tax exemption on all construction materials, machinery & equipment and FF&E.
Loan Financing
IDA
BR+E Loan Fund
The BR+E Fund provides low interest financing to small business concerns unable to fully finance their projects with equity, conventional financing, or other private and public sources.
IDA
BDF Loan Fund
The BDF loan program is designed to stimulate the expansion of small business for the purpose of retaining and/or creating jobs in Broome County.
IDA
STEED Loan Fund
The STEED program is primarily designed to assist existing firms by offering low interest financial support.