Applications are live for the COVID-19 Capital Costs Tax Credit Program! Eligible small businesses may receive a refundable tax credit of up to $25,000. This is a $250 million COVID-19 Capital Costs Tax Credit program overseen by Empire State Development and administered by FORWARD.

General eligibility criteria for the Capital Costs Tax Credit Program includes:

• Open to all small independently owned and operated businesses operating in New York State 
• Have 100 employees or less 
• Gross receipts of less than $2.5 million 
• Incurred at least $2,000 of qualifying expenses between January 1, 2021 and December 31, 2022

Apply by December 1, 2022 to receive a tax credit for the 2022 tax year.

 

The New York State Seed Funding Grant Program (the “Program”) was created to provide assistance to early-stage small businesses to succeed in a recovering New York State economy.

• Grant amounts up to $25,000
• Must be a currently viable Micro-business, Small business, or For-profit arts and cultural organization including independent arts contractors that started business on September 1, 2018 or later and has been operational for at least six months before an application is submitted;
• Eligible Applicants must provide evidence, acceptable to New York State that the Eligible Applicant is operational and meets the Program requirements.
• Due to a limited amount of funding and the high volume of requests expected, business type, geography and industry may factor into ability to receive a grant.