SCIDA Incentives

SCIDA Investments

1. Provide Tax Incentives

Tax 8% Abatement

Mortgage Property Tax Exception

Real Property Tax Partial abatement via PIlOT program (on increased value of property once project is completed.)

2. Financing

IDA may bond and use those proceeds to support general Economic Development or a developers approved project.

3. Site Development

SCIDA currently holds a purchase option on a prime developed site.

4. Schoharie County Alliance

Incentives

New York’s Empire State Development offers a number of financial and tax incentives to companies that create jobs and further economic growth. The Schoharie Grow Team can help navigate the numerous opportunities to find what works best for your business.

Grant, Loan and Tax Credit Programs:

Tax Credits:

Brownfield Cleanup Program
New Markets Tax Credits
New York State Film Tax Credit Program
New York State Commercial Tax Credit
Other Tax Credits & Incentives

Other Financing and Technical Assistance:

Business Mentor NY
New York State Surety Bond Assistance Program (NYSSBAP)
The Capital Access Program
Environmental Assistance
Export Marketing Assistance Service (EMAS)
Governor’s Office for Motion Picture & Television Development
The Innovate NY Fund
Linked Deposit Program (LDP)
New York Beverage Business (Beer, Spirits & Wine)
New York Empowerment Zone (NYEZ)
New York State Land Bank Program (NYSLBP)
Procurement Assistance Program
STEP Program

Agriculture:

Schoharie County’s roots in agriculture run deep, reaching back centuries to a time when it was called the “Breadbasket of the American Revolution.” So as projects like Grow Schoharie County nurture ventures in newer industries, a strong focus remains on the farming legacy here.

Many incentives feed development of added-value products. This lucrative sector has a economic multiplier effect of five to seven, which has a large impact on the entire county.

Opportunities for agri-business include:

GrowNY Ag & Markets – Funding opportunities.
Cornell Small Farms Program – Small-farm-focused research and programs.
Cornell Cooperative Extension, Schoharie and Otsego Counties
NY FarmNet – Find a solution for any farm business or family concern.
NY Farm Viability Institute – Grant funding to applied research and outreach education projects that help farms increase profits and provide models for other farms.
Sustainable Agriculture Research & Education – Offers a competitive grant program to researchers, agriculture educators, farmers and students in the U.S.
The Carrot Project – Making loans and guarantees available for small- and mid-sized farms.
Growing New Farmers – A regional initiative to support new farmers.
USDA Grants – Programs for individual producers and/or local municipalities.
First Pioneer Farm Credit – 800-562-2235
Farm Credit – Banking that serves farmers, ranchers and agri-business.
The Institute for Rural Vitality at SUNY Cobleskill - Gives support to area entrepreneurs with business creation and growth, sales, access to financing, and job creation.