Ontario Grants for Small Businesses by duv12297


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									                                                                                    INCENTIVES                                                                   Ontario County
                      Greater Rochester Enterprise . 100 Chestnut Street . One HSBC Plaza, Suite 1910 . Rochester New York 14604 . P 585-530-6200 . F 585-546-8477

Ontario       Business Incentive/Programs                                         Eligible Users                       Program Benefits/Eligible Uses            For More Information
Zone Programs

               New York State Empire Zone
                                                123                               Qualifying businesses located in a   QEZE Sales Tax Exemption - 10-year          www.nylovesbiz.com/Tax_and_Financial_In
                                                                                  designated Empire Zone.              exemption from state sales tax on certain centives/Empire_Zones/descriptions_benefi
                                                                                                                       purchases of goods/services.                ts.asp
                                                                                                                       QEZE Credit for Real Property -
                                                                                                                       Refundable credit against their business
                                                                                                                       tax equal to a percentage of real property
                                                                                                                       taxes paid.
                                                                                                                       QEZE Tax Reduction Credit - Credit
                                                                                                                       against their tax equal to a percentage of
                                                                                                                       taxes attributable to the zone enterprise.
                                                                                                                       Wage Tax Credit - This credit is available
                                                                                                                       for up to five consecutive years for
                                                                                                                       companies hiring full-time employees in
                                                                                                                       newly created jobs.
                                                                                                                       EZ Investment Tax and Employment
                                                                                                                       Incentives Credit - Tax credit up to 19% of
                                                                                                                       the company's eligible investment.

                                                                                                                       New Business Refund - New state
                                                                                                                       businesses receive a 50% cash refund of
                                                                                                                       unused EZ-WTC and EZ-ITC amounts.
                                                                                                                       Utility Rate Savings - Reduced electric
                                                                                                                       and gas rates
                                                                                                                       Zone Capital Credit - A 25% tax credit
                                                                                                                       against personal or corporate income

                                                         1 Small businesses that qualify as HUBZone       The HUBZone Empowerment Contracting https://eweb1.sba.gov/hubzone/internet/
                                                           (Historically Underutilized Business Zone)     Program stimulates economic development
                                                           certification in part by employing staff who   and creates jobs in urban and rural
                                                           live in a HUBZone. The company must also       communities by providing federal
                                                           maintain a "principal office" in one of the    contracting preferences to small
                                                           specially designated areas.                    businesses.

        Genesee/Finger Lakes Regional Revolving 1 2 3     Manufacturers and service businesses        Purchase of machinery and/or equipment, www.gflrpc.org/ProgramAreas/EconomicDe
        Loan Fund                                                                                     rehabilitation of industrial property,        velopment.htm
                                                                                                      purchase of industrial property and site
                                                                                                      development and expansion. Also has a
                                                                                                      companion loan fund that can finance
                                                                                                      working capital needs.
        Microenterprise Technology Fund                  1 Start-up technology microenterprise        Loans/grants are expected to be in the $50 -www.ontariocountydev.org
                                                           businesses with less than 5 employees with $60K range, and are limited to technology-
                                                           expenditures for patent filings, ongoing   oriented businesses, especially those
                                                           R&D, prototype development, and like       coming from the Center for Excellence in
                                                           costs.                                     Canandaigua and the Technology Farm at
                                                                                                      Cornell Ag and Food Technology Park in
        New York State Business Development      12        Small- to medium-sized business, women NYBDC is a complement to conventional             www.nybdc.com/about.htm
        Corporation Loan Program                           and minority-owned businesses and          banking, working in partnership with banks
                                                           businesses that credit opportunities are   to provide term loans, many of which do not
                                                           unavailable                                meet the requirements for traditional
                                                                                                      financing. Our goal is to be more creative in
                                                                                                      our underwriting. In many cases, we
                                                                                                      include multiple participations, SBA
                                                                                                      guarantees, flexible amortization and long-
                                                                                                      term payouts.

        New York State Job Development Authority 1 2 3    Qualified businesses in manufacturing,          Loans from $50,000 to $3.5 million to         www.nylovesbiz.com/Small_and_Growing_
        Direct Loan Program                               distribution, warehousing and certain           encourage businesses to expand, locate or Businesses/loan_discounts.asp
                                                          service industries.                             modernize their facilities in New York State.

        New York State Linked Deposit Program    1 2      Manufacturers with 500 or fewer                 The program provides a two to three         www.nylovesbiz.com/Small_and_Growing_
                                                          employees, service businesses with 100 or       percentage points savings on the prevailing Businesses/loan_discounts.asp
                                                          fewer employees, Empire Zone businesses         interest rate for "Linked Loans," to make
                                                          and companies located in highly distressed      borrowing less expensive. The maximum
                                                          areas with 100 or fewer employees and           loan amount of $1,000,000 for four years.
                                                          businesses with a 100 or fewer employees
                                                          undertaking a plan to increase the
                                                          business's export abilities.
        Ontario County Revolving Loan Fund       123      Manufacturing and industrial businesses         Equipment, company acquisitions and         www.ontariocountydev.org/ontario/publish/o
                                                                                                          building purchases and construction.        ntario-county-financial-incentives.shtml

        Section 108 Loan Program                 123      Economic development, housing                   Economic and community development          www.hud.gov/offices/cpd/communitydevelo
                                                          rehabilitation, public facilities, and large-   projects that have the potential to renew   pment/programs/108/index.cfm
                                                          scale physical improvement projects.            communities.
                Small Business Administration 504 Loan          1 Small businesses                            Expansion projects that create/retain jobs,     www.sba.gov/financing/sbaloan/cdc504.ht
                Program                                                                                       real estate projects or acquisition of          ml
                                                                                                              machinery and equipment
                Small Business Administration 7A Loan           1 Small businesses                            Real estate, equipment, working capital         www.sba.gov/financing/sbaloan/7a.html
                Guarantee Program                                                                             and other business purposes.
                Small Business Administration 7M Micro          1 Small businesses                            Provides short-term loans of up to $35,000      www.sba.gov/financing/sbaloan/microloans
                Loan Program                                                                                  to small businesses and not-for-profit child-   .html
                                                                                                              care centers for working capital or the
                                                                                                              purchase of inventory, supplies, furniture,
                                                                                                              fixtures, machinery and/or equipment.

                Environmental Investment Program         12      Small- to medium-sized businesses             Provides funding for capital investments,      www.nylovesbiz.com/Productivity_Energy_
                                                                                                               research, development and demonstration,       and_Environment/Environmental_Assistanc
                                                                                                               and technical assistance that produce          e/pollution_prevention.asp
                                                                                                               measurable results in pollution prevention,
                                                                                                               reuse and recycling.
                Global Export Market Service             12      Small- to medium-sized manufacturer,          Helps businesses expand through                www.nylovesbiz.com/Small_and_Growing_
                                                                 service or agricultural business with 500 or increased export activities. Can provide up     Businesses/global_markets.asp
                                                                 fewer employees and whose New York            to $25,000 in export marketing consultant
                                                                 State production content is at least 51%.     services for individual companies, and up
                                                                                                               to $50,000 for groups of companies or
                                                                                                               industry associations.
                Industrial Effectiveness Program         12      Small- to medium-sized businesses             Assists companies in identifying,              www.nylovesbiz.com/Productivity_Energy_
                                                                                                               developing and implementing improved           and_Environment/industrial_effectiveness.a
                                                                                                               management and production to enhance           sp
                                                                                                               efficiency, expand market share and
                                                                                                               promote job growth.
                New York State's Manufacturing Extension 1 2     Companies are selected based on               Grants of up to $60,000 to private             www.nylovesbiz.com/Productivity_Energy_
                Program                                          demonstrated need, company size               consultants. They will identify, develop and   and_Environment/industrial_effectiveness.a
                                                                 (companies must be small- or medium-          implement improved management and              sp
                                                                 sized), willingness to share costs and        production processes for businesses to
                                                                 contribute resources, involvement of          expand market share and promote job
                                                                 employees, and commitment to self-            growth or retention within New York State.
                Small Cities Grant                       123     Company must be located in an eligible        Expansion projects that create/retain jobs.    www.nysmallcities.org/EligibleCommunities
                                                                 area and make a capital investment into the                                                  /default.asp
                                                                 organization that will result in the creation
                                                                 or retention of at least 7 new jobs.

Tax Abatement

                Sales Leaseback Agreements - Payment In 1 2 3    If the company or property qualifies under   The following benefits are available to         www.nylovesbiz.com/Tax_and_Financial_In
                Lieu of Taxes (P.I.L.O.T.) Program               Industrial Development Agency guidelines     companies who enter into a Sales                centives/Taxes_and_Incentives/default.asp
                                                                 (ex. manufacturers, back                     Leaseback Agreement with an IDA.
                                                                 office/administrative service centers).      Real Property Tax Abatement -
                                                                                                              Abatement of the real property tax for a
                                                                                                              designated period of time.
                                                                                                          New York State Sales Tax Exemption -
                                                                                                          Sales tax exemptions on the purchases and
                                                                                                          costs associated with creating/retaining
                                                                                                          jobs. Examples: sales tax associated with
                                                                                                          contractor costs, business vehicles sales
                                                                                                          Mortgage Recording Tax Exemption -
                                                                                                          Local mortgage recording tax is waived.

Tax Credits
              New York State Investment Tax Credit    123   Companies that create new jobs and make The investment may qualify the business to            www.nylovesbiz.com/Tax_and_Financial_In
                                                            new investments in production property and receive up to a 10% tax credit on their            centives/Taxes_and_Incentives/default.asp
                                                            equipment.                                   investments.
              New York State Research and             123   New or expanding tech companies that         Investments in research and development          www.nylovesbiz.com/Tax_and_Financial_In
              Development Tax Credit                        make investments in research and             facilities are eligible for a 9% corporate tax   centives/Taxes_and_Incentives/default.asp
                                                            development facilities that create new jobs. credit. Additional credits are available to
                                                                                                         encourage the creation and expansion of
                                                                                                         emerging technology businesses, including
                                                                                                         a three-year job creation credit of $1,000
                                                                                                         per employee and a capital credit for
                                                                                                         investments in emerging technologies.

              Building Redevelopment Program          123   Companies interested in redeveloping          Grants to fund utility-related infrastructure   www.rge.com/rgeweb/webcontent.nsf/busin
                                                            brownfields and/or abandoned buildings        improvements necessary for the                  ess/EcoDevPrgIncentives#3
                                                            with preference to companies located in       redevelopment of brownfields and
                                                            Renewal Communities or Empire Zones.          abandoned buildings.

              Capital Investment Incentive Program    123   Business attraction and expansion projects    Grants to fund improvements for electric        www.rge.com/rgeweb/webcontent.nsf/busin
                                                            and involves an existing or prospective       infrastructure or certain business projects     ess/EcoDevPrgIncentives#6
                                                            customer with a monthly peak electric         that involve major capital investment.
                                                            demand of at least 300 kilowatts.
              Economic Development through Greater    123   New York State businesses                     EDGE provides financial and technical       www.banking.state.ny.us/sbusines/nys-
              Energy Efficiency (EDGE)                                                                    support for detailed engineering studies of erd1.htm
                                                                                                          manufacturing operations; and financial
                                                                                                          assistance for the demonstration of
                                                                                                          innovative energy-efficient process
              New York State Energy $mart Loan Fund   123   New York State businesses that undertake Investments may qualify for a 4% reduction www.nyserda.org/loanfund/default.asp
                                                            pre-qualified cost-effective investments that in a financial institution's loan rate from
                                                            reduce energy use.                            New York State for the life of the loan.

              Power Naturally                         123   Any business or facility assessed with a        Installation of 50kW or smaller end-use   www.powernaturally.org
                                                            Systems Benefit Charge (RG&E, NYSEG,            solar or wind energy system. Must be grid
                                                            NIMO distribution territories).                 connected. $4.00/watt incentive for solar
              Small Commercial Energy Audit Program   123   Any facility assessed with a Systems            NYSERDA provides financial assistance for www.nyserda.org/programs/energyaudit.as
                                                            Benefit Charge with less than $100,000 in the cost of an energy audit and matching        p
                                                            annual electric bills is eligible for an energy funds for implementation of audit
                                                            audit.                                          recommendations.
              Smart Equipment Choices                     123   Any business or facility assessed with a      NYSERDA rebates on approved energy             www.nyserda.org/programs/smartEC/defau
                                                                Systems Benefit Charge (RG&E, NYSEG,          efficient equipment such as lighting,          lt.asp
                                                                NIMO distribution territories).               motors, geothermal heat pumps, and HVAC
              University-Industry Energy Research         123   Projects that combine the resources of the Funding to reduce risks and operating             www.banking.state.ny.us/sbusines/nys-
              Program                                           university with those of the industry to find costs, increased opportunities to develop erd3.htm
                                                                energy-efficient solutions to industrial      and use innovative technologies, and
                                                                problems.                                     improved access to university resources
                                                                                                              and specialized equipment.
              Utility Infrastructure Investment Program   123   Projects may involve an existing or           Provide funding for new electricity facilities www.rge.com/rgeweb/webcontent.nsf/busin
                                                                prospective customer with a monthly peak to assist in the development of certain sites ess/EcoDevPrgIncentives#1
                                                                electric demand of at least 100 kilowatts.    or buildings. These sites represent the
                                                                To be eligible, total project cost must also service area's best potential industrial
                                                                involve capital investment of at least $1     development opportunities. Primary focus
                                                                million.                                      is on sites which are: state-designated as
                                                                                                              Shovel Ready, located in an Empire Zone,
                                                                                                              part of the City of Rochester Renewal
                                                                                                              Community, or included in RG&E's own
                                                                                                              Prime Sites Program. Other sites will be
                                                                                                              considered based on economic impact to
                                                                                                              the community.

              New York State Training Grants              123   New York State offers assistance to small   Funding available for up to 50 percent of     www.nylovesbiz.com/Workforce_and_Dem
                                                                and large businesses attempting to meet     any training project, training in new         ographics/training_assistance.asp
                                                                the challenges of creating new products,    technologies, skills or work processes,
                                                                entering new markets and improving          training in a classroom setting and/or on-
                                                                production.                                 the-job, funding for consortia projects, and
                                                                                                            funding for small business training projects.

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