NYS Empire Zone Cost Savings
New York International Plaza lies within a designated Economic Development Zone (EDZ) by the State of New York. This designation allows tenants of the Plaza access to a host of state tax credits and benefits, representing significant savings in the operations of your business. These include Wage and Tax Credits, Sales Tax Refund, Zone Capital Credits and Zone Loan & Equity Capital.
Foreign Trade Zone Cost Savings
NYIP is designated as a Foreign Trade Zone(FTZ) by the U.S Department of Commerce. This gives businesses who engage in foreign trade significant savings such as tax deferral, and lower tariffs on such goods.
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