ShovelReady@nationalgrid.com

Explore Upstate New York

  • Home
  • Explore Upstate New York

PERFECT MIX OF BUSINESS AND LIFE

Whether your business is powered by people, technology, resources, and market access you will find that Upstate New York can deliver. Upstate New York has a vibrant and diverse economy with everything a company needs to succeed. With major urban centers like Buffalo, Syracuse, Utica/Rome, and Albany, hundreds of charming villages and towns, and beautiful tracts of farmland and forest - Upstate New York is worth digging in to.

  • Affordable Cost of Living
  • Accessible to Markets
  • Favorable Tax Benefits
  • High-Quality Workforce
  • Deep Infrastructure
  • Training Support
  • Incentives & Programs
  • High-Tech Environment
  • Available Real Estate


Upstate NY Regional Links


NYS IS A LEADER IN CUTTING TAXES

Nearly all taxes in New York State have been cut, with substantial reductions achieved in business, estate, sales, property and personal income taxes. In addition to lower taxes, New York offers a variety of incentives to companies expanding or relocating in the Empire State. In 2014, New York State enacted the largest corporate tax reforms in more than two decades.According to the Tax Foundation, if the changes enacted in New York were in full effect for the most recent version of the State Business Tax Climate Index, New York’s corporate tax system would have ranked 4th best of the fifty states. The impact on manufacturers is significant:

  • The corporate tax rate for manufacturers is zero, "0" beginning in 2014.
  • The Alternative Minimum Tax for corporations has been repealed, effective in 2015.
  • Net Operating Loss carry-backs are extended to three years, and the $10,000 cap is removed. NOL carry-forwards remain twenty years, similar to federal law.
Investment Tax Credit (ITC)
Businesses that create new jobs and make new investments in production property and equipment may qualify for tax credits of up to 10% of their eligible investment. New businesses may elect to receive a refund of certain credits, and all unused credits can be carried forward for 15 years.
Research and Development Tax Credit.
Investments in research and development facilities are eligible for a 9% corporate tax credit. Additional credits are available to encourage the creation and expansion of emerging technology businesses, including a three-year job creation credit of $1,000 per employee and a capital credit for investments in emerging technologies.
Sales Tax Exemptions.
New York State offers exemptions for purchases of production machinery and equipment, research and development property, and fuels/utilities used in manufacturing and R&D. Other exemptions may be available through local Industrial Development Agencies (IDA.)
Real Property Tax Abatement.
To encourage development, expansion, and improvement of commercial property, a 10-year property tax abatement is available to offset increased assessments due to improvements to business and commercial property.
No Personal Property Tax.
Unlike many other states, which tax both real property and personal property, property taxes in New York State are imposed on real property only. Personal property, whether tangible or intangible, is exempt from state and local taxes.
Excelsior Jobs Program
Tax credits are available for strategic businesses such as high tech, bio-tech, clean-tech and manufacturing that create jobs or make significant capital investments. More information.

UPSTATE NY'S LARGEST COUNTIES

Erie County - Western
919,040
Onondaga County - Central
467,026
Albany County - Capital
304,204
Oneida County - Central
234,878
Niagara County - Western
216,469

Centers of Excellence

The Centers of Excellence support research facilities and other high technology, colleges, universities, and research institutions.

Bioinformatics and Life Sciences | Buffalo, NY

The Center specializes in drug design research, computational and three-dimensional visualization, product commercialization and workforce training.

Nanoelectronics and Nanotechnology (CENN)| Albany, NY

Located at the university's Albany NanoTech Complex, CENN is a resource for emerging generations of integrated circuitry (IC) through technology deployment, product prototyping, manufacturing support and workforce training.

Environmental and Energy Systems | Syracuse, NY

The Center focuses research efforts on indoor environments in the areas of indoor air quality, comfort, lighting, acoustics and intelligent controls.

Centers for Advanced Technology (CAT)

Centers for Advanced Technology (CAT) support university-industry collaborative research and technology transfer in commercial relevant technologies. The CAT program was created in 1983 to facilitate the transfer of technology from New York’s top research universities into commercially viable products produced in the private sector. The CAT Development Program was created in 1999 to provide more resources to successful centers to expand their work with New York business.

Center for Advanced Ceramic Technology

Alfred University

The Center for Advanced Ceramics Technology (CACT) at the SUNY College of Ceramics at Alfred University is designated in the materials and materials processing technology focus... Read more...

Center for Advanced Materials Processing

Clarkson University

CAMP's research is focused on colloids and surfaces; in particular, on the production, modification and conversion of solids for which small particles, colloidal media or surfaces play ... Read more...

Center for Life Science Enterprise

Cornell University

The Cornell Center for Life Science Enterprise pursues programs in research and development, education and training, and technology transfer... Read more...

Future Energy Systems

Rensselaer Polytechnic Institute

The Future Energy Systems Center for Advanced Technology focuses on smart lighting, smart displays, hydrogen fuel cells, and emerging renewable energy systems... Read more...

Center for Automation Technologies and Systems

Rensselaer Polytechnic Institute

The Center for Advanced Technology in Automation (CATS) at Rensselaer Polytechnic Institute's focus is advanced manufacturing, centered on automation – autonomous algorithms... Read more...

CAT in Medical Biotechnology

SUNY at Stony Brook

The CAT in Medical Biotechnology is involved in the discovery, development, translation and commercialization of promising biotechnology... Read more...

Integrated Electronics Engineering Center

Binghamton University

The Integrated Electronics Engineering Center (IEEC), which was established in 1991, pursues research in electronics packaging... Read more...

Sensor CAT

SUNY at Stony Brook

The Center’s research and development (R&D) program includes magnetic, optical, X-ray, and infrared sensors; signal processing and image recognition; super-conducting electronics... Read more...

Center for Advanced Systems and Engineering (CASE)

Syracuse University

The Center for Advanced Systems and Engineering (CASE) expertise includes predictive analysis, data fusion, data mining, cyber security, intelligent computing, modeling... Read more...

CAT in Nanomaterials and Nanoelectronics (CATN2)

University at Albany

The mission of the Center is to act as a research and development resource for industries which manufacture, use, or supply microelectronics, electronics, optoelectronics... Read more...

Center for Advanced Technology in Biomedical and Bioengineering

University at Buffalo

The University at Buffalo (UB) CAT focuses on biomedical and bioengineering translational research for development of useful products with commercial potential... Read more...

Center for Emerging and Innovative Sciences

University of Rochester

The mission of the Center for Emerging and Innovative Sciences (CEIS) is to conduct applied research in the field of electronic imaging ... Read more...

Map Room

The Infrastructure of Upstate New York

"I'm a longtime fan of the area. We could have located anywhere in the northeastern United States — but we chose Buffalo."

Warren Buffett on the Geico regional customer service center in Amherst, which employs 1,150 people.

More

Major Employers

Search for Major Employers in Upstate New York

Search by County:
Business Type:
Number of Employees:
 
 


Or
Search by Metro Area:
Business Type:
Number of Employees:

Copyright © 2024 - National Grid

Scroll to Top
Scroll to Top