Downtown Partners

WORKING WITH THE DOWNTOWN PARTNERS

STEG

City of ELMIRA

ELMIRA DOWNTOWN DEVELOPMENT, INC.

CHEMUNG CHAMBER OF COMMERCE

INCENTIVES AND TOOLS AVAILABLE THROUGH THE DOWNTOWN PARTNERS

City Loan Program

Building Enhancement Grants providing funds to owners or tenants of

* New business moving into the downtown district

* Existing businesses expanding

* Businesses making significant enhancements

Facade/Signage Improvement Program

Property Owner (reduced rent)

Sign Design (similar to Kristin Stewart -Gaffer District)

Sale tax abatement (possibly) 

Entities offering financial assistance for economic development

County development agency focused on business growth and the creation of new jobs through various incentives and tax break programs

Southern Tier Economic Growth - City loan program

Elmira Downtown Development, Inc. 

Empire State Development (ESD) is New York's chief economic development

agency. The mission of ESD is to promote job growth and economic

opportunities through the use of loans, grants, tax credits, and other form

of financial assistance

Consists of all the state's major housing and community renewal agencies.

Can assist with finance & development tax incentives and programs, historic

preservation, and community renewal

In August 2014 the CPC announced a new $350 million fund to support the

creation and preservation of affordable housing across New York City and

State. This includes potential funding the the rehabilitation of historic

buildings into residential.

State wide program to provide tax free zones and incentives for start-up

businesses in New York State. These zones are 100% tax free for ten years.

No income tax, business, corporate, state, or local taxes, sales and

property taxes, of franchise fees

Can provide guidance and links to those seeking to utilize state and federal

historic tax credits

Provides grants, loans, and technical assistance for the stabilization,

preservation, and renovation of historic properties in New York State

State initiatives and incentives for businesses seeking to go green and save

energy