Commercial Tax Incentives & Grants

Real Estate Development - Tax Exemptions/Tax Credits

  • City of Buffalo 485-a Tax Exemption is a declining 12-year partial exemption from real property taxes for non-residential real property converted to a mix of residential and commercial uses.
  • City of Buffalo 485-b Tax Exemption is a partial exemption from real property taxation for commercial, business or industrial property constructed, altered, installed or improved.
  • The Erie County Industrial Development Agency Adaptive Reuse Program offers tax incentives for the development of buildings that have been vacant for three years or longer and are 20 years old or older. Additional information regarding ECIDA Tax Incentive Programs available at the ECIDA Website.
  • The Department of Environment Conservation offers Brownfield Redevelopment Tax Credits.

Real Estate Development - Utility Incentives

National Grid Energy Initiative Programs

National Grid Energy Initiative Programs provide financial incentives and technical assistance to replace inefficient equipment. For additional information please contact Mary Grace Welch, Lead Economic Development Representative at 716-831-7752.

National Grid Economic Development

National Grid Economic Development offers a variety of programs for businesses looking to redevelop marketable sites and buildings and brownfields. For further information visits the National Grid Economic Development website or contact Mary Grace Welch, Lead Economic Development Representative at 716-831-7752.

National Fuel New York Area Development Program (ADP)

The program provides grants for specific projects in order to stimulate economic activity and redevelopment in National Fuel's service area. For information on this program, contact Energy Services at 716-857-7776.

National Fuel New York Business Development Rates

A transportation rate discount, the portion of the bill covering delivery of the utility,  is available for businesses, not in an Empire Zone, that qualify and meet requirements.

For more information, visit the National Fuel website.

New York State Energy Research Development Authority (NYSERDA)

NYSERDA offers incentives to companies who are building a new building or rehabbing an old one for their project. For additional background information, please see the detailed Program information on the NYSERDA website.

New York Power Authority - ReCharge NY Program - Low Cost Power & Jobs

ReCharge New York (RNY) is a new statewide economic development power program for qualified businesses and not-for-profit corporations. The program is designed to retain and create jobs through allocations of low-cost power.

Capital Improvement Grants

Better Buffalo Fund

The fund offers up to $30 million for projects that encourage Buffalo’s economic development along transportation corridors and revitalize downtown commercial districts. For more information visit the Better Buffalo Fund website.

New York Main Street Program

This program provides financial resources and technical assistance to communities to strengthen the economic vitality of the State's traditional Main Streets and neighborhoods. For more information, visit the New York Main Street Program website.