Financing and Tax Incentives

Not only a good place to live, but a great place to start, build, and conduct business.

The Office of Economic Development moderates the Westchester/Rockland revolving loan fund: an alternative funding vehicle for companies who are not able to borrow via traditional banking entities. Eligible small businesses may borrow up to $30,000.

NY State Linked Deposit Program

The New York State Linked Deposit Program is administered by the New York State Department of Banking, the Empire State Development and local lending banks.

New York Business Development Corporation

The NYBDC is a privately owned financial organization funded by the banks to provide long term financing to help small businesses across the State grow and prosper. It works in partnership with banks to provide term loans, many of which do not meet the more traditional financing requirements

Empire Zone Program

Westchester County has two Empire Zones, one located in the City of Mount Vernon, and one located in the City of Yonkers. The Empire Zone program is a program designed to generate job growth in specific regions of the State of New York. For more information on this progam, please visit Empire State Development's site on Empire Zones or call Theresa Reid (City of Mount Vernon Empire Zone) at (914)699-7230 ext 103, or Mary Alice Brady (City of Yonkers Empire Zone) at (914)377-6136.

IDA Benefits for Businesses and Organizations

The Industrial Development Agency (IDA) offers a wide range of benefits to eligible companies and organizations that show a compelling need for assistance in maintaining or creating jobs.

Community Capital Resources

Community Capital Resources has become the SBA’s microlender in the county with an initial loan pool of $500,000. They provide an array of technical assistance programs, including a business plan writing workshop, free QuickBooks training, Web site design, one-on-one financial counseling by certified counselors and financial literacy courses.

Westchester TV Library of Publications Why Westchester Business Services
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