IT’S AN ECONOMIC INCENTIVES BUILDING

$15-$20 / RSF SAVINGS

IT’S AN ECONOMIC
INCENTIVES BUILDING

$15-$20 / RSF SAVINGS

Reap

Relocation and Employment Assistance Program (REAP) offers business income tax credits for relocating jobs from outside of New York City or below 96th Street in Manhattan — an annual credit of $3,000 per eligible employee for twelve (12) years.*†

Energy savings

Energy Cost Savings Program (ECSP) for up to twelve (12) years reduces regulated energy costs up to 45%.*

Tax Break

The Industrial & Commercial Abatement Program (ICAP) provides Real Estate Tax abatements for period of up to 25 years.*

+$2.50/RSF

Commercial Expansion Program (CEP) program provides up to $2.50 per square foot in rent credits for 3-5 years (10 years of manufacturing).*

*The information herein is not the product or responsibility of Ownership or First Pioneer Realty LLC. No warranty or representation expressed or implied is made to the accuracy of the information and it is subject to errors, omissions, changes, and withdrawal without prior notice. †Subject to the number of employees.