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New York City’s Industrial and Commercial Real Estate Tax Abatement Program to be Extended to 2029

The New York City Industrial and Commercial Abatement Program (ICAP) will be extended to remain in effect through 2029, with no modifications. The bill to extend the deadline from March 1, 2025, to March 1, 2029, to...more

NYC Department of Finance Accepting FY 2024-2025 ICIP and ICAP Renewals Until January 5, 2024

The New York City Department of Finance requires that properties receiving benefits under the Industrial Commercial Incentive Program (ICIP) file a Certificate of Continuing Use (CCU) to renew the real estate benefits for the...more

Pre-Applications for NYC's New M-CORE Program Available on June 8, 2023

The New York City Economic Development Corporation (NYCEDC) and the New York City Industrial Development Agency (IDA) created the New Manhattan Commercial Revitalization (M-CORE) Program with the goal of supporting...more

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