Access to Capital

Westchester County offers a variety of attractive tax and financial incentives, partnerships, contract opportunities and more to help your business succeed. Companies relocating or expanding to Westchester can take advantage of the opportunities made available through the county and State of NY.

County of Westchester Industrial Development Agency

https://westchestercatalyst.com/programs-incentives/ida/

The primary goal of the County of Westchester Industrial Development Agency (CWIDA) is to promote economic development in Westchester through creating, attracting and retaining jobs. The CWIDA is an important resource of financial assistance for your business to achieve these goals

The CWIDA assists through:

  • Issuance of Tax Exempt Bonds and Notes
  • Sales Tax Exemptions on new construction, expansion or renovation projects, or the acquisition of new equipment
  • Mortgage Recording Tax Exemptions on the purchase of Real Estate

Empire State Development

https://esd.ny.gov/

The mission of Empire State Development (ESD) is to promote a vigorous and growing state economy, encourage business investment and job creation, and support diverse, prosperous local economies across New York State through the efficient use of loans, grants, tax credits, real estate development, marketing and other forms of assistance.

Our Incentives

Westchester County’s various incentives help support startups, assist not-for-profits, and promote economic development through creating, attracting and retaining jobs, and more.

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Industrial Development Agency

Sales tax exemptions on new construction, expansion or renovation projects, or the acquisition of new equipment, and more help companies grow and prosper.

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Local Development Corporation

Since its inception in 2012, we’ve assisted not-for-profit organizations in securing tax-exempt bond financing benefits totaling over $400 million—at no cost or risk to the taxpayers of Westchester County.

Our Programs

Westchester County offers programs and services to assist and incentivize businesses.

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Element 46 Incubator

The new Element 46 Incubator program kicked off in 2019 to inspire and support entrepreneurial talent and the development of new businesses in the County. Nearly a hundred business leaders will serve as mentors to startups, offering their expertise, time, and support.

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Minority and Women-Owned Business Program

Westchester works to encourage, promote and increase participation of business enterprises owned and controlled by persons of color or women.

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Opportunity Zones

This new community investment tool established by Congress in 2017 encourages long-term investments in low-income urban and rural communities nationwide.

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Service-Disabled Veteran - Owned Business Program

Westchester encourages and supports eligible SDVOBs to play a greater role in the state's economy by increasing their participation in New York State's contracting opportunities.

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Disadvantaged Business Program

This federally regulated program provides a vehicle for increasing the participation by small businesses owned and controlled by socially and economically disadvantaged individuals.

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