Incentives

							                         Warwick Offers Business Friendly Incentives

            Incentive                               Criteria                                                Benefits
Empire Development Zone          Manufacturing business (hard or soft)         1) 100% property tax abatement for 10 years
                                 Create 50 new jobs over 5 years               2) Investment Tax Credit
                                                                                   20% refund on PP&E
                                                                                   50% cash/50% NYS tax credits
                                                                               3) Wage Tax Credit
                                                                                   $1.5K to $3.5K for first 5 years
                                                                               4)No state sales tax for 10 years
Empire State Development        Number of jobs paying $50K+                    Grant money available
Capital Grant Program
Orange County IDA                Non-Empire Zone/non-retail                    1) Property Tax Abatement
                                                                                >NYS Standard 485-b Program
                                                                                   50% reduction in property tax for improvements in year 1
                                                                                   45% reduction in year 2 tapers to 05 reduction in year 11
                                                                                >High-tech companies
                                                                                   No taxes in year 1, then 10% annual increase over next 10
                                                                                   years
                                                                                   Overall result: 55% tax abatement
                                                                               2) Sales & Use Tax Exemptions
                                                                                   100% exemption on materials/equipment purchased for
                                                                                   construction
                                                                               3) Industrial Revenue Bonds For projects over $3M

                                                                               4) Mortgage Fee Waived
                                                                                  Exemption from 1% NYS mortgage recording tax
WVT Communications               New business customer                          Individual case pricing incentives available for:
                                                                                   Business startup telecom requirements
                                                                                   Custom infrastructure for mission critical applications
                                                                                   Wide Area Networks or circuits world-wide
Orange and Rockland Utilities    Must receive NYS & Orange County incentives   Incentive pricing available
                                Min. 100KW demand with 2 year ramp-up




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