Leasing and Financial Incentives

The following incentive programs, administered by various City and State agencies, may be available for businesses that locate in Lower Manhattan. Please click on the program name for more information.

June 26, 2015: Governor Cuomo has signed legislation which includes a 2-year extension for a number of incentive programs affecting properties in Lower Manhattan.

For an estimate of the value of these benefits, visit www.downtownny.com/grow-your-business/incentives-calculator.

  A summary of all available incentives Download  


commercial revitalization program-real estate tax abatement and commercial rent tax special reduction
Industrial & commercial abatement program (ICAP)
Lower Manhattan Energy Program
Lower Manhattan Relocation Employment Assistance Program (LM-REAP)
Sales Tax Exemption
Jobs Creation and Retention Program (JCRP)


Reports & Research

The Downtown Alliance has been collecting in-depth data on Lower Manhattan for over 10 years.

Learn More

Do You Have Questions?

If you have additional questions, please call our Incentives Hotline:

(212) 835-2790

Grow your Business

We provide a range of services to help you make Downtown home for your business-large or small.

Learn More