ANNOUNCEMENT 09 Oct 2019

The subsidies include assistance under the Upstate Revitalization Initiative and Excelsior Jobs Tax Credits programs.

 

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 09 Oct 2019 | Removal date: open ended

Financial grant

On October 9, 2019, Governor Andrew M. Cuomo announced that the financial firm Bankers Health Group, LLC will relocate and consolidate several of their Central New York operations in Syracuse to a newly constructed facility, and that New York State is assisting the project with a total investment of $11 million. This includes, in addition to tax credits (see below), a $4 million capital grant. 

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A
Inception date: 09 Oct 2019 | Removal date: open ended

Tax or social insurance relief

The relocation of Bankers Health Group, LLC is also being incentivized with $7 million in Excelsior Jobs Tax Credits.

 
N/A
 
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