New York City and New York State are more committed than ever to developing the region’s life science and technology industries, with over $1 billion allocated to the life sciences in 2017. Learn more about the incentives and venture funding opportunities available to BioBAT tenants.
Excelsior Jobs Program
The Empire State Development Corporation’s Excelsior Jobs Program offers tax credits to firms in vital growth industries, including biotechnology, manufacturing, green and clean technology, and the high tech sector. These tax credits offset payroll costs, investments, research, and property taxes to support job creation and investment. Find out more here.
Tax-exempt bond financing for private projects that serve a public purpose. New York state is dedicating a portion of its statewide bond allocation to supporting private projects, including small manufacturing firms.
The New York City Economic Development Corporation’s LifeSci NYC program is bolstering private life science enterprises. The program has committed $20 million to supporting early-stage life science businesses, and nearly $4 million to expanding training programs for entrepreneurs, including entrepreneurship coaching program, ELabNYC.
An angel investor group with an exclusive focus on new and emerging life science companies. Mid Atlantic Bio Angels also hosts 1st Pitch Life Science, a series of pitching practice and coaching events for life science entrepreneurs.
A competitive Small Business Innovation Research (SBIR) and (Small Business Technology Transfer) for life sciences and healthcare technology companies, with over $2.6 billion available in federal R&D funding.
BioBAT is located in a STARTUP NY tax-free zone. Tenants have the opportunity to operate free of state business, property and sales tax for 10 years. Their employees can pay no state or local income taxes for up to 10 years. Learn more about STARTUP NY here.
