Business Incentives

Connecting you to grants and tax incentives to support your business growth in the Greater Rochester, NY region.

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Hit the Ground Running in the Greater Rochester, NY Region

New York State, each of the nine counties in our region (Genesee, Livingston, Monroe, Ontario, Orleans, Seneca, Wayne, Wyoming, and Yates), and the City of Rochester, offer incentives to encourage business investments that drive economic growth and job creation. These incentives include tax exemptions, tax credits, special incentives, grants, and loans.

The incentives provided by economic development agencies are based on total capital investment, and job retention and/or creation by a company over 3 to 5 years. Programs are available individually or bundled as part of a comprehensive package for larger capital investments that retain or create jobs as well as projects that create many high paying jobs.

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The Benefits of a Foreign Trade Zone

Within the Rochester region, businesses located in Monroe County, Genesee County, Ontario County, Wayne County, Yates County, Seneca County, and Livingston County can utilize foreign trade zones (FTZs) to better manage their global supply chain costs.

  • Elimination of duties on items exported directly from FTZ
  • Elimination of duty drawback
  • Reduction of duties/tariff inversion – allowing for the payment of duties on final products versus raw materials components
  • Quota handling
  • Reduction of weekly entry
  • Duty deferral – duty only assessed when entered into commerce
  • Less initial cash outlay
  • Partial draw allowing you to use only what you need
  • No time limit on merchandise to be stored in the FTZ

    Try this Duty Savings Estimator Worksheet for FTZ Production to see if a Foreign Trade Zone can save your company money.

You know your business.
We know Greater Rochester.
Let’s team up.

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