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Contact Kimberly
DesChamp, Economic Development Program Manager Where is the Ogdensburg Empire Zone?
Ogdensburg is located in Northern New York on the U.S. - Canada border. It is 2 hours North of Syracuse, NY and 1 hour South of Ottawa, Ontario. The international bridge at Ogdensburg provides easy access for Canadian firms that wish to have a nearby U.S. facility or for U.S. firms that are shipping to Canada.
What are Ogdensburg's Empire Zone business incentives?
As a New York State-designated Empire Zone, the City of Ogdensburg can offer expanding businesses that locate in the Zone the most-comprehensive package of business incentives available in New York State.
New businesses that locate or expand in the zone and increase employment significantly may be eligible for zero tax liability from the City of Ogdensburg and New York State. The following is a summary of the Empire Zone incentives. Real Property Tax Exemption
New or expanding businesses may be eligible for a 10-year exemption from local real property taxes based on the following schedule.
A second, alternative incentive allows qualifying businesses to take a 14-year exemption from local real property taxes in the form of New York State tax credits. New York State tax liability through this incentive can be reduced to zero. Niagara Mohawk provides significant reductions in electric rates for new business that locate in the Empire Zone. The reduced rates are available for a 10-year period.
Wage Tax Credit A $1,500 - $3,000 tax credit for each new, qualifying employee hired in the Zone. Eligible firms can claim the credit each year for a five year period.
Investment Tax Credit A refund or credit for State sales tax paid on all of the building materials used in constructing, expanding, or rehabilitating industrial or certain commercial property in the E Z.
Sales Tax Credit or Refund The 7% sales tax paid on building materials used in the expansion or construction of a Zone facility is refundable through the Zone program or can be claimed as a tax credit.
Sales Tax Exemption - Qualifying companies are eligible for a sales tax exemption on all tangible personal property and services used at the Zone facility.
Tax Reduction Tax Credit This 15-year credit is based on employment growth and can allow a company to reduce its tax liability in New York to zero.
Zone Capital Credit Companies can raise capital at their Zone facility by offering a 25% tax credit to investors that purchase original issue capital stock in the business.
Eligibility for incentives vary significantly between businesses because the incentives are based on job growth, investment, utility demand, etc., by the Zone Certified business.
The City's Zone Coordinator is available to calculate the value of your company's estimated incentives.
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Reduced Electric Rates
