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.

April 2014:  The 2014-2015 New York State budget passed with an extension of all Lower Manhattan incentive programs. Programs that have lapsed were extended retroactively. Please see below for revised expiration dates and details on qualifying for retroactive benefits.

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.

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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.

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