Economic Development

As New York improves its business climate, we support measures that open new investment opportunities and effective, targeted economic incentive programs to support investment in strategic industries. We need to:

• Support reasonable/appropriate environmental safeguards for timely development of the Marcellus Shale
  
  
• Adopt a new, refundable research and development tax credit for R&D related capital investment, qualified research expenses, and other directly related R&D expenses efforts
  
  
• Extend and expand the “qualified emerging technology company” tax credit for capital, operational and training investments
  
  
• Adopt legislation broadening the list of eligible projects for “tax increment financing” and allow school districts to opt into these local funding mechanisms

For more information on economic development issues visit: www.bcnys.org/inside/economicdev.htm