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Supporting Your Business. Boosting Our Local Economy.

Incentive programs are designed to bolster our economy, create quality jobs for New Yorkers and help your company grow and thrive.


The Relocation and Employment Assistance Program (REAP) offers businesses income tax credits for relocating jobs to Long Island City.

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The Commercial Expansion Program (CEP) is designed to increase occupancy in commercial and industrial buildings by providing tenants with property tax abatements for up to 10 years.

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The Industrial Business Zone (IBZ) Relocation Tax Credit awards qualifying firms relocating to Long Island City or within Long Island City a $1,000 tax credit per relocated employee.

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The New York Industrial Development Agency (NYCIDA) grants benefits that lower the cost of relocation, expansion and capital investments to induce businesses to create quality jobs in New York City.

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