| Home |
Tax ExemptionsThe Mohawk Valley Economic Development District/ MORECO/ Mohawk Valley Rehabilitation CorporationEligible businesses include sole proprieter, partnerships, and for-profit. They provide loans for working capital up to 50% of project costs or $75,000. The minimum owner's equity in the project is 10%. Retail & service businesses are not eligible unless they create 10 jobs. Media and not-for-profit are not eligible. One job must be created per $10,000 loaned. Tax Exceptions
Oneida County Industrial Development Agency - Oneida County Industrial Development Agency is a public benefit corporation of New York State offering financial incentives for hands-on manufacturing and other eligible projects through: Payments in lieu of taxes, Tax-exempt Industrial Development Bond financing, Taxable Industrial Revenue Bond financing, Relief from mortgage recording tax, Relief from sales tax on materials, machinery, equipment and furnishings. |
 |