Empire State Development's COVID-19 Capital Costs Tax Credit Program
Attention City of Dunkirk Small Businesses:
The State is expanding its pandemic recovery effort with the creation of several programs to help small businesses recover from the COVID-19 pandemic, the $250 million COVID-19 Capital Costs Tax Credit Program.
This program is not run by the City of Dunkirk. This program is for tax credits and not grant funds.
This program is not run by the City of Dunkirk. This program is for tax credits and not grant funds.
The program provides financial assistance to New York State small businesses burdened with a range of operational costs stemming from the COVID-19 pandemic, from structural changes and building upgrades to health-related supplies and materials. The program offers qualifying businesses relief from the added economic burden by providing tax credits to help reduce the pandemic-related financial impact. Information on how to apply can be found here: https://esd.ny.gov/covid-19-capital-costs-tax-credit
The $250 million COVID-19 Capital Costs Tax Credit Program provides financial assistance to New York State small businesses burdened with a range of operational costs stemming from the COVID-19 pandemic, from structural changes and building upgrades to health-related supplies and materials. The Program offers qualifying businesses relief from the added economic burden by providing tax credits to help reduce the pandemic-related financial impact.
Small businesses can receive a tax credit of 50% of qualifying expenses up to a maximum of $25,000 in tax credits based on qualifying expenses of $50,000. For further information and any questions please visit: https://esd.ny.gov/business-pandemic-recovery-initiative