ANNOUNCEMENT 09 Oct 2019
The subsidies include assistance under the Upstate Revitalization Initiative and Excelsior Jobs Tax Credits programs.
NUMBER OF INTERVENTIONS
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.
The relocation of Bankers Health Group, LLC is also being incentivized with $7 million in Excelsior Jobs Tax Credits.