Financial and Tax Incentives
As you make your site decision, the Luther Forest Technology Campus team and the Saratoga Economic Development Corporation (SEDC) will work with you and New York State representatives to develop a comprehensive financial incentive model that incorporates state, local, and federal taxes and incentives. These incentive packages will make the Luther Forest Technology Campus the lowest cost production location anywhere. If qualified, competitive incentives can include:
- No taxes on manufacturing and R&D equipment
- Significant wage tax credits
- Real estate tax credits
- Special reduced electric and gas rates
- Sales tax exemptions
- No personal property tax
- Tax-exempt revenue bond financing
- No mortgage recording tax
- Infrastructure grants
- Employment services package
- Public/private endowments
Banner image courtesy of University at Albany's College of Nanoscale Science and Engineering. Image on right: Image of New York State Capital Building Courtesy of National Grid.
