In addition, the State will create industrial assistance centers to support efforts to transition underutilized facilities. NYSERDA will assist companies by providing capital enhancements to renovate and reuse the facilities to produce clean energy technologies and components. NYPA will offer low-cost financing for clean energy retrofits for its economic development customers.
In addition, a proposed Excelsior New Jobs Program will target tax credits in sectors such as high technology, clean technology and biotechnology. A new Excelsior Jobs Tax Credit, expanded Research and Development Tax Credit and expanded Investment Tax Credit will support expansion and growth by companies in targeted emerging technology sectors.
